1. In recent Williams edge live meeting it was noted that continue daily closes below $2294 would indicate a quick decline to $2276/$75. Traders were short in the pro-trading room between $2288/$87 based upon the above.
2. Subsequently, it was noted yesterday that if the market was unable to close hourly below $2286/$85 into mid day that existing short positions should be exited. The market was unable to close hourly below $2286/$85 yesterday which prompted our short position exit at approximately $2290.50/$91, resulting in a small loss on the entire trade. Will message any further entry or indication in the March S&P.