06/02/2014 – S&P Emini

June S&P 500:

1. In recent Williams edge live meetings it was noted that once the longer-term forecast $1916/$17 upside target was completed in the June S&P (completed on Thursday, May 29), the next important actionable target on the upside was $1924/$25.

2. In today’s (Monday, June 2) session, the June S&P made a session high of $1924.25, against the $1924/$25 upside target. The market continues its downside reaction off that level. This is an important development and will prompt further update.

David Williams