1. In yesterday’s (Wednesday, January 14) live messenger session it was noted that any hourly close below $1988 would indicate a decline to $1982/$79. This decline was completed at $1981.25.
2. Additionally, after completion of the $1982/$79 downside target an advance to $2001/$03 was indicated upon any hourly close up back above $1990. This advance also completed at $2003.25 on the upside.
3. The above 2 indications were less tradable than usual due to the market nearly completing the forecast price targets prior to the confirmation for trade entry. This can occur in a fast market. Will message any further entry or indication in the March S&P.