1. In Friday’s (November 13) Williams edge live S&P meeting it was noted that the next important level on the downside was $2020/$19. It was indicated that any hourly or daily close below that level would indicate a further decline and test/attempt at $2007/$04 into early next week (week of November 16)..
2. Subsequently, the December S&P closed both hourly ($2018) and daily ($2013) below $2020/$19 indicating new lower prices and potential new short entry. Today’s (Sunday, November 15) Globex session opened lower and completed the $2007/$04 downside target (today’s session low, $1990.50, so far). This successfully completes the forecast/trade. Will message any new entry or indication in the December S&P.