1. In today’s (Wednesday, June 17) Williams edge live meeting it was noted that the September S&P (then trading at approximately $2091) could be shorted for a decline to $2088 on the downside.
2. Although a relatively small decline, the above forecast completed on the downside shortly thereafter with today’s current session low at $2087.25. As noted in the meeting, how the market handles the $2088 test remains important for later indications in today’s session.