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S&P 500 Forecast for Thursday, September 3, 2020

Updated: Aug 1, 2022

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% ( correct statements out of statements.)

Day's Theme - Fear of the unknown. Paranoia, deception, sabotage, anxiety. Someone / something being counted on results in a let down or a deception. A female may be intentionally omitting part of the truth. Opportunities may be found in the low(s). Go with the gut. Money may be delayed AND/OR some kind of fraud may be highlighted. Gap down AND/OR the day's low between the premarket and 10:15am est. Indecision AND/OR sideways movement in the premarket. Misdirection AND/OR a strong rally but with several points at which it looks like it's reached its end. Within the first hour of trading there is a strong move higher AND/OR yesterday's high is met/retested. Some selling off of the early high at roughly 10am to 1pm est. More sideways movement/rotation between 10:30am and 1pm. A steep decline somewhere between 12:30pm and 2:30pm est. A reversal AND/OR sideways movement between 1:45pm and 2:30pm est. A very strong move higher in the last hour of trading. The move higher will not meet the level from which the steep decline started AND/OR the move higher will reach the top of a range or creates a new range. Selling in the postmarket. Finishes higher.

1-Day High - a peak around the open AND/OR the day's high forms between 10am and 1:30pm est. AND/OR a peak between the close and the postmarket. A strong decline off of the high(s).

1-Day Low - A low around the open AND/OR between 1:45pm and 3pm est. The low(s) will reach a significant support level AND/OR where multiple technical lines converge.

Planned Trades - Going with the gut and seize any opportunities. Do not sell any positions that were opened under mysterious circumstances.

If I decide to 1) open long calls immediately at the open. In which case I will 2) close the long calls around 12:15pm est. AND/OR sell against the long calls around 12:15pm est. (***DAY TRADE****)

3) If I am tempted to open short positions around 12:15pm-ish because of the Unicursal Hexagram I will only do so under the condition that I sell before 2:15pm est. (***DAY TRADE****)

4) Depending on where the market is around the last hour of trading I will likely open near term expiration ATM Puts or near term expiration shallow OTM Puts.