Dec. S&P 500:
1. During today’s (Tues., Oct. 20) live messenger session (2:00 post) with prices at approximately $1970 it was indicated that a further advance to $1973/$74 was expected into late today/early tomorrow (Wed., Oct. 29).
2. Shortly after the post the S&P shot up to $1973/$74, completing the forecast. The market later went on to complete today’s larger forecast advance from $1963 to $1981/$82 (today’s session high, $1980.75).
David Williams