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Writer's pictureKapproveb Alcyone
2 min read

S&P 500 Daily Forecast for Wednesday, June 3, 2020

Updated: Aug 8, 2022

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100% Accuracy (5 correct statements out of 5 statement)


Day's Theme - Astrologic opportunity window from 11:44am through the remainder of the day. Notable trade opportunity today. Breakout in the pre-market. Opens up. Rallies from the open to meet AND/OR exceed a resistance level. VERY BIG MID DAY RALLY followed by a significant reversal and decline into the close. Falls through multiple support levels as we approach the close. Still able to close up because of such a strong rally in the mid-day, but further decline in the post-market erases any gain.

1-Day High - will form between 12pm - 2pm est. The day's high will market a pivotal moment before a strong decline.

1-Day Low - for the majority of the day the low will have been in the pre-market. However, after closing up for the day technically, the market reaches a new low for the day in the post-market.

Planned Trades - I will likely be tempted to take profits at the open but I am advising my self not to close any positions or cap and potential profits on the down side. Possibly opportunity to open more short positions around 12pm-1pm est.

At the Open:

1)Do not close short positions.

2)Buy long calls at the open.

Around 1:30pm:

1) sell short calls against the long calls to create vertical credit call spreads for a profit without placing an actual day trade.

2) let the puts roll.





#CloseCard8ofwands =up significantly.


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