03/23/2017 – S&P Emini

June S&P:

1. In yesterday’s (Wednesday, March 22) Williams edge live meeting it was noted that any failure (resistance) at $2347 in the June S&P would indicate a tradable decline to $2339 which, once completed, was buying territory for a late session (6th hour) advance back up to $2346/$47.

2. Subsequently, the market failed at $2347 and quickly declined to the $2339 downside target (swing low, $2336.50). The June S&P then reversed higher and late in the session completed the $2346/$47 upside target (late session swing high, $2348.75. This successfully completes the two-step forecast. Will message any further entry or indication in the June S&P.

David Williams