1. In today’s (Wednesday, April 12) Williams edge live meeting it was noted that a test of $2342 was expected and hourly closes above $2342 would then indicate an advance to $2347 for new short entry and further important decline.
2. Although the June S&P closed hourly below $2342.00, it was noted that if the June S&P did rally to $2347 at midday or beyond (the original forecast) it would remain important short selling territory for further tradable decline.
3. The market did advance to $2347.00 just slightly after midday (swing high $2346.75) and declined sharply back to $2338.00 with lower prices remaining possible. This completes the forecast/trade. Will message any further entry or indication in the June S&P.