Dec. S&P 500:
1. In Friday’s (Oct. 9th) late session the S&P live messenger window indicated the likelihood of further decline in the Dec. S&P from the then current price of $1911/$12 down to $1904/$03 (or lower).
2. The S&P declined quickly to the $1904/$03 downside target and lower, closing the session at $1894.25.
3. The continued decline in the Dec. S&P further confirms our longer-term outlook for an important yearly top to occur in the 3rd quarter of 2014. Will message any further entry or indication in the Dec. S&P