1. In today’s (Wednesday, October 27) live messenger window (and earlier Williams edge live meeting) it was noted that the next 2 important upside targets were $2078, then $2084/$85.
2. After today’s Fed interest rate announcement a short position was indicated in the December S&P at approximately $2061/$60 for a test/attempt at $2055/$53. Initial short position exit was taken at/near $2058. However, the market advanced back above critical levels, prompting exit at/near $2076/$77. This resulted in a larger than usual point loss on the overall position.
3. 4 minutes later, our 2:31 CST post indicated that the S&P would now advance from $2077 to $2084/$85. The S&P completed the $2084/$85 target (today’s session high, $2085.25) negating much of the earlier points loss (for those who took advantage of this indication). Will message any further entry or indication in the December S&P.