1. In today’s (Thurs., June 18) Williams edge live meeting it was noted that if the September S&P did not touch $2110 during its mid-morning decline it would then advance to at/near $2121. This gave our clients a clear picture of what was likely to occur.
2. Subsequently, the September S&P attempted $2110 but was unable to touch it and quickly reversed higher and attempted the $2121 upside target (swing high, $2119.25). Missing the $2121 upside target by more than 1 point is unusual and potentially an important indication. Will update in tomorrow’s session.