1. In today’s (Wednesday, August 19) S&P messenger window it was noted that the September S&P (then trading at approximately $2077/$78) should not close above $2081 before declining to test $2071.
2. Subsequently, the September S&P tested $2081 and was unable to close above it and then reversed lower and completed the $2071 downside target (today’s session low, $2070.25, so far). This completes the trade. Will message any further entry or indication in the September S&P.