Dec. S&P 500:
1. In today’s S&P live meeting it was noted that any failure at/near $2052.50 would indicate new short entry for a test/attempt at $2046.00 into today’s late session.
2. Subsequently, the S&P tested $2052.00 (then subsequent session high, $2052.00) and reversed off that level. Late in today’s session the market completed the $2046.00 downside target (swing low, $2047.25) before reversing into the close (today’s daily close, $2050.75). This is a nice example of what can be done with the live messenger window.