1. In today’s (Thurs., Nov. 13) S&P Live Messenger session it was noted that today’s Dec. S&P would likely advance from the opening price of $2036.00 up to $2044.00.
2. Traders taking advantage of this information were rewarded with an approximate 7 point move in the S&P which completed the $2044 upside target in today’s 2nd hour (session high, $2043.25). The market reversed powerfully off that completion, making Friday’s session critical with several tradable indications likely.