01/14/2016 – S&P Emini

March S&P:

1. In yesterday’s (Thursday, January 14) Williams edge live S&P meeting it was noted that any significant break or hourly close below $1890 in the March S&P would reassert the larger downtrendfor completion of $1868/$66 or lower.

2. During today’s (Friday, January 15) Globex (overnight) session the market broke the $1890 level (closing hourly below) and broke to new recent lows completing Wednesday’s January 13 forecast for $1868/$66 (or lower). This completes the forecast/trade. Will message any further entry or indication in the March S&P.

David Williams