1. In today’s (Thursday, July 30) Williams edge S&P meeting it was noted that the September S&P, then trading at approximately $2096 could be bought for continued advance to $2101/$02 as the initial upside target. Traders were advised to continue to hold any remaining position for the possibility of higher prices beyond $2101/$02 in today’s session.
2. Subsequently, the September S&P advanced and completed the $2100/$02 upside target and continues to trade near those levels. This completes the initial portion of the trade.