03/21/2017 – S&P Emini

June S&P:

1. In yesterday’s (Monday, March 20) Williams edge S&P meeting it was noted that any hourly close below $2368 (or $2360) could be sold short for a quick decline to $2351/$50, then $2344. A final target at $2334/$32 was also given.

2. Subsequently, today’s (Tuesday, March 21) June S&P initially advanced but closed the first hour well below $2368 at $2362.50, prompting new short entry. The market continue to decline and completed both the $2351/$50 and $2344 downside targets (today’s session low, $2344.50, so far). This successfully completes the initial targets. Will update.

David Williams