1. In Friday’s (June 5) S&P meeting (and subsequent report) it was noted that any further hourly or daily close below $2085 this week (week of June 8) would indicate a tradable decline down to $2074/$73. Friday’s session closed at $2091.50.
2. The break of $2085 occurred yesterday (Mon., June 8). Partial short position exits were taken at/near $2081/$80 (noted in the report). Any remaining position were exited at/near the noted $2074/$73 downside target.
3. During the week of June 8 any larger decline would take the S&P to $2053/$51. Will update.