1. In today’s (Wed., Mar. 4) S&P messenger session it was noted that any test and failure at $2099/$2100 would indicate a tradable decline and test/attempt at $2091 (or lower).
2. The market advanced and tested the $2099/$2100 upside target (swing high, $2099.75) before reversing and completing the majority of the forecast decline to $2091 (subsequent swing low, $2092.50).
3. Today’s March S&P session displayed a slight increase in the recent (low) volatility which makes the remainder of the week important with several tradable indications likely.