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S&P 500 Daily Forecast for Thursday, May 21, 2020

Updated: Aug 1, 2022

Day's Theme - Choppy day. Finances improve significantly. Investments increase. A ruler / father figure spooks the market around 2-3pm est. and causes further selling off.

Technicals: Strong decline after misdirection around 10-11am est.

1-Day High - highest probability of forming between the open and 11am est. The high will form at a key technical level.

1-Day Low - highest probability of forming around Noon AND/OR around the close. Decline ceases in the post market. The low will be at a key technical level.

Planned Trades -

At open:

1)Sell longs. I sold against my calls creating some defense for my long positions.

2)Hold shorts. I bought an additional put at around 9:45am est.






#OpenCardPrincessOfWands = Up. Opportunity.


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