1. In today’s (Thursday, January 21) Williams edge live meeting and 10:10 CST live messenger post it was noted that any breakout above $1874 would test/attempt $1885/$86.
2. Subsequently, the market broke out above $1874 and attempted completion of the $1885/$86 upside target (today’s swing high, $1883.25). The market then reversed lower. Today’s overall behavior regarding price targets indicates a market that may be ‘wedging down’ in preparation for more important directional move. Will message any further entry or indication in the March S&P.