1. Monday’s (Aug. 4) September S&P report indicated that any hourly close or sustained break below $1919 in Tuesday’s Aug. 5 session would test/attempt $1907 (or lower).
2. After testing $1919 in today’s early session, the September S&P broke through $1919 and declined to $1907 as forecast (today’s session low, $1907.50, so far).
3. Self-directed traders based upon the above exited the majority of their position at/near the $1907 downside target. This is an important downside completion and may prompt further indications. Will update.