September S&P:
1. In today’s (Wed. July 16th) Williams edge live meeting it was noted that today’s early session decline would not break $1968.00 on the downside and that the market could be bought at or above $1968 for a 5th hour test of $1977.
2. Today’s early session declined to $1969.25 and reversed to the upside and completed the $1977 upside target in today’s 5th hour (today’s 5th hour session high, $1976.75).
3. Self-directed traders exited any long positions based upon the above at/near $1977. This completes the trade.
David Williams