1. In today’s (Wednesday, December 16) live messenger window session new long entry was indicated at approximately $2050 for a test/attempt at $2056. An initial hourly close below $2046 would negate the indication.
2. The market subsequent made a swing high of $2052.25 and closed the hour at $2045 prompting our exit which resulted in a loss on the position (approximately 5 points).
3. After the Fed interest rate announcement the market began to advance which prompted our second attempt at the $2056 upside target with entry at approximately $2051.50/$52. Partial long positions exits were taken at $2054 and the subsequent swing high was $2055.75, completing the $2056.00 target. This successfully completes the forecast/trade. Will message any further entry or indication in the March S&P.