1. In today’s (Wednesday, May 17) Williams edge S&P meeting it was noted that any confirmed break of $2366 downside target would indicate a decline to $2355. Additionally, it was noted that if today’s 5th hour could not advance to $2375 that this would also indicate a continued decline to $2355.
2. Subsequently, today’s 5th hour was unable to touch $2375 (5th hour swing high, $2371) and subsequently the June S&P broke down to new session lows and completed the forecast $2355 downside target (today’s session low, $2354.75). This successfully completes the forecast/trade. Will message any further entry or indication in the June S&P.