Dec. S&P 500:
1. In yesterday’s (Tues., Oct. 14) live messenger window it was noted that $1891/$92 was short selling territory for a 36 point decline to $1858/$56 expected into late yesterday/early today (Wed., Oct. 15).
2. Today’s (Wed., Oct. 15) S&P declined sharply and completed the $1858/$56 downside target (and lower). Today’s session low has been $1848.50, so far. This completes the trade.
3. The live messenger window can be very valuable in determining the future movements in the S&P 500, especially during the current high volatility environment.