07/22/2015 – S&P (Intraday Trade)

September S&P:

1. In today’s (Wednesday, July 22) Williams edge live meeting) it was noted that the September S&P was expected to retest our recent $2104/$03 downside target which would then be buying territory (upon an hourly close above $2104/$03) for a later session test/attempt at $2110 on the upside.

2. Approximately one hour later the September S&P declined to the $2104/$03 downside target/support (swing low, $2103.75) and closed the hour above that level, indicating new long entry for the test/attempt at $2110 on the upside.

3. The market advanced and completed the majority of the $2110 upside target (swing high, $2109.00). This completes the forecast/trade. Will message any further entry or indication in the September S&P.

David Williams