1. Today’s (Thursday, August 20) September S&P further confirmed our forecast for an August 18 daily top with the expectation of a powerful multi-day decline, noted in our live meetings..
2. Continued hourly closes below $2042 indicate further decline and test/attempt at $2008/$05 (or lower) into tomorrow’s session. Will message any new entry based upon this as the market continues to confirm.
1. Yesterday’s (Thursday, August 20) September S&P report indicated that continued hourly closes below $2042 would indicate further tradable decline and test/attempt at $2008/$05 (or lower) into Friday, August 21. The then current price of the September S&P was $2027.
2. Today (Friday, August 21) the September S&P declined sharply and completed the $2008/$05 downside target (today’s session low, $2007.50, so far). This completes the forecast/trade. Will message any further entry or indication in the September S&P.