1. In today’s (Fri., Mar. 13) S&P messenger live session (2:13 CST post) it was noted that the June S&P, then trading at approximately $2037.50 was expected to advance and test $2047/$48 into early Mon., March 16.
2. Today’s late session advanced approximately 10 points and completed the $2047/$48 upside target, completing the forecast/trade (late session swing high, $2048.25). This is an important upside completion and sets several tradable indications into motion for next week.