06/02/2014 – S&P Emini

June S&P 500:

1. Today’s (Monday, June 2) test and failure at the forecast $1924/$25 upside target sets the following into motion: Any daily close below $1912 in the June S&P will be the earliest indication for a multi-day tradable decline to at/near $1894/$93 (or lower) later this week (week of June 2).

2. No new short entry is indicated until a daily close below $1912 occurs. However, new short entry may be messaged from higher price levels in a subsequent update based on updated market conditions. Will update.

David Williams