Issued: 07/03/2014
September S&P 500:
1. In yesterday’s (Wed., July 2) Williams edge live meeting it was noted that the S&P (then trading at/near $1965/$66) would advance and test/attempt $1977/$78 into today’s (Thursday, July 3) session. Today’s session high has been $1975.00, so far.
2. Therefore, higher prices remain likely, including a test/attempt at $1977/$78 (or higher). Will update.
David Williams
Issued: 07/03/2014
September S&P 500:
1. Today’s September S&P continued its advance from $1965/$66 and completed the forecast $1977/$78 upside target due today, Thursday, July 3, noted in yesterday’s Williams edge live meeting (today’s session high, $1978.25, so far). This completes the trade.
2. Another important level exists slightly above $1978.00 at $1981/$82. Although not a forecast, should this level ($1981/$82) be reached and closed below on the day (between today and Monday July 7), it may prompt new entry on the short side. Will update as the market continues to confirm.
David Williams