08/25/2015 – S&P (Intraday Trade)

September S&P:

1. In today’s (Tuesday, August 25) live S&P messenger window 8:35 CST post it was noted that the September S&P (then trading at approximately $1937) was expected to provide a tradable decline and test/attempt $1918/$16 into today’s 2nd hour.

2. Subsequently, the September S&P declined sharply and attempted the $1918/$16 downside target (swing low, $1922, so far) and reversed off that level. This is an important development and may prompt further entry in today’s session. Will update as the market continues to confirm.

David Williams