03/10/2016 – S&P (Intraday Trade)

March S&P:

1. Tuesday’s (March 8) 1:43 and 2:58 CST live messenger posts noted that if the March S&P was unable to touch $1972 on the downside, a breakout above $2007.50 would be expected in Thursday’s March 10 session. This was also noted in yesterday’s (Wednesday, March 9) live S&P meeting.

2. The lowest price reached by the March S&P between March 8/9 was $1976, therefore, the forecast remained intact for a Thursday, March 10 breakout to new highs.

3. Today (Thursday, March 10) the March S&P broke out to new highs above $2007.50 (today swing high, $2010.25), successfully completing the forecast/trade. Will message any further entry or indication in the March S&P.

David Williams