08/15/2014 – S&P Emini

September S&P 500:

1. Since last week (week of Aug. 4) it was noted in Williams edge live meetings that generally the S&P was expected to have a multiweek advance off the forecast Aug. 4 weekly bottom and test both $1962, then $1970.

2. Today’s session completed the $1962 upside target (session high, $1961, so far). The market is making its initial downside reaction off that level.

3. Higher prices remain indicated, including $1970 noted in the original forecast, likely during next week (week of Aug. 18). Will update.

David Williams