06/08/2015 – S&P (Intraday Trade)

June S&P:

1. In today’s (Mon., June 8) S&P messenger window it was noted that any confirmed failure at $2085 would decline and test $2081/$80 as the initial downside profit target.

2. Today’s session broke below the $2085 level and completed the $2081/$80 downside target (today session low, $2077.75, so far). A daily close today below $2085 is the weaker position and indicates lower prices noted in the post. Will update as the market continues to confirm.

David Williams