05/07/2015 – S&P
- May 7, 2015
- S&P
Issued: 05/05/2015
June S&P:
1. In last week’s Williams edge live meetings it was noted that Mon., May 4 was expected to start an important multi-day directional move.
2. Yesterday (Mon., May 4) the June S&P topped at $2115 and today’s (Tues., May 5) session declined sharply, giving the earliest possible confirmation that the larger directional decline is underway. If further confirmation occurs in tomorrow session, such a decline would ultimately take the June S&P into the $2050 range, or lower.
3. However, until then we remain flat, awaiting further confirmation in tomorrow’s (Wed., May 6) session. Will update.
David Williams
Issued: 05/07/2015
June S&P:
1. In last week’s Williams edge live meetings (and recent report) it was noted that Mon., May 4 was expected to start an important multi-day directional move. This decline was forecast to take the June S&P down into the $2050 range, or lower.
2. Today (Thurs., May 7) the June S&P broke to new recent lows and completed the the $2050 range (today’s session low, $2057). This completes the forecast. Will message any further entry or indication in the June S&P.
David Williams
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