08/12/2015 – S&P Emini

September S&P:

1. On Thursday, August 6 in our Williams edge live meeting it was noted that any hourly close below $2064/$62 in the September S&P would result in a fast decline to $2050/$47. Subsequently, the market was unable to close below $2064/$62, negating the indication.

2. Today (Wednesday, August 12) the September S&P broke below the critical $2064/$62 level and completed our Thursday, August 6 downside target at $2050/$47 (today’s session low, $2046.50). Although not expected to be traded because the August 6 time period had passed, today’s completion of $2047 is an important downside completion. Will message any further entry or indication in the September S&P.

David Williams