Dec. S&P 500:
1. In Friday’s (Oct. 10) S&P live messenger it was noted that the Dec. S&P (then trading at approximately $1925) would then decline to $1918/$17 profit target.
2. The S&P completed the forecast 8 point decline shortly thereafter, making an intraday swing low at $1915.75 against the $1918/$17 downside target.
3. The recent larger than usual market volatility in the Dec. S&P now often allows for several tradable intraday swings of 8 points or more.