1. In today’s (Wednesday, July 8) Williams edge live meeting it was noted if the September S&P firmed up on $2046, a tradable advance to higher prices was expected. However, after testing and closing hourly above $2046 the market was unable to advance sufficiently and later broke the $2046 level.
2. In the meeting it was noted that any confirmed break of $2046 would decline quickly to $2038 or lower. Today’s late session broke the $2046 level and completed the $2038 downside target (swing low, $2036.25, so far). This completes the forecast/trade. Will message any further entry or indication in the September S&P.