1. In today’s (Monday, July 13) S&P live messenger window it was noted that a test/attempt at $2084 was expected to occur into mid-day. How the market handled that decline would indicate if higher prices were to be expected.
2. Today’s mid-day session declined to $2086 (well above $2084) into mid-day which prompted the live messenger to note that the market was in a very strong position with substantially higher prices coming. Late in today’s session the market broke out to new recent highs, making a session high of $2094.75. This completes the forecast for higher prices, at least for today. Will message any further entry or indication in the September S&P.