Dec. S&P 500:
1. In today’s Williams edge S&P meeting (and in live messenger) the Dec. S&P was forecast to advance to $1976 and then complete a 15 point decline to $1961.
2. The the S&P subsequently advanced to a swing high of $1978.25 before reversing sharply to a session low of $1961.00, completing the trade.
3. Today’s session close at $1960.75 ends the 3rd quarter of 2014 in a weaker position. This is an important development. Will update.