02/02/2015 – S&P (Intraday Trade)

March S&P:

1. In today’s early live S&P messenger session it was noted that any significant break of $1984 in the March S&P would result in a test/attempt at $1972/$70 on the downside.

2. The market broke through the $1984 level and quickly completed the majority of the forecast decline (session low $1973.75, so far).

3. Technically, this leaves the $1972/$70 downside target incomplete which is an unusual market position, for now. Will message any further entry or indication in the March S&P.

David Williams