12/10/2014 – S&P (Intraday Trade)

Dec. S&P:

1. In today’s (Wed., Dec. 10) live messenger window it was noted that any confirmed break/hourly close below $2038 would place the market in a much weaker position and indicate a likely decline to $2023.

2. Today’s session broke the $2038 level and closed hourly below it, sending prices sharply lower to the $2023 downside target (today’s session low, $2023.25). This is an important downside completion. Will message any further entry or indication in the Dec. S&P.

David Williams