1. Continued hourly and especially a daily close today (Tuesday, May 6) below $1879 (worst-case below $1883) in the June S&P will indicate new short entry for further decline and test/attempt at $1854/$53 into Wed., May 7 (+/-1 day).
2. Will update as the market continues to confirm.
1. Our May 6 June S&P update indicated new short entry below $1879 (or worst-case, below $1883) for the forecast decline to $1854/$53 due into today, Wed., May 7 (+/-1 day).
2. Today’s session declined further, making a session low of $1854.50 against the $1854/$53 downside target, so far. This completes the trade. Aggressive can hold a small remaining position for the possibility of lower prices.