10/01/2014 – S&P Emini

Dec. S&P 500:

1. In today’s (Wed., Oct. 1) Williams edge live meeting (and live messenger window) it was noted that if the intraday bounce underway at that time could not reach $1959 the Dec. S&P could be shorted for an 18 point decline to $1941/$39 (or lower). The subsequent swing high was $1957.25, which was below $1959.00.

2. The Dec. S&P declined sharply off the $1957.25 intraday swing high and completed the $1941/$39 downside target (and lower). Today’s session low was $1933.75. Lower prices remain likely prior to the ending of the current weekly decline. Will update

David Williams