ES
Our Fri., 12/18 S&P forecast indicated new short entry at $3688/$89 for decline to $3676/$75 profit target. Results? S&P made a subsequent swing high of $3688.75 and completed all but 1 tick of the $3677 profit target (swing low, $3677.25)!
Our Thurs., 12/17 S&P forecast indicated that a decline from approx. $3715 (or slightly higher) to $3696 or lower would occur into Mon., 12/20. Result? The S&P declined and today completed the $3696 target!
Today’s first S&P forecast indicated new long entry at $3708. This position was filled. However, the market continued to decline, stopping our position at $3704, for a loss on the position.
Our 1st S&P forecast today was for new long entry at $3685 for advance to $3689 initial and $3695 final profit target. Results? The S&P made a subsequent swing low $3681.25 then completed the $3695.00 profit target (session high, $3696.25)!
Today’s first S&P forecast indicated that a failure at $3663/$62 would prompt a tradable decline to $3656/$55. Result? The S&P failed to $3363/$62 and completed the $3656/$55 profit target (swing low, $3655.50)!
Last Friday (12/11), our S&P forecast indicated new long entry at $3647/$46 for advance to $3655 profit target. Results? The S&P made a subsequent swing low of $3646.75 then reversed and completed the $3655 profit target (swing high, $3657.75)!
Today’s first S&P forecast indicated new short entry at $3651 for decline to $3640 profit target. Results? The S&P made a subsequent swing high of $3651.50 then completed the $3640 profit target (swing low, $3638.50)!
Our Wed., 12/09 S&P forecast noted that a failure at $3686 would indicate sharp decline to $3643 profit target. Results? The S&P failed at $3686 and today completed all but 1 point of the $3643 target (session low, $3644.00)!
Our Fri., 12/04 S&P forecast indicated that a daily close above $3686/$88 should advance to $3717 target. Results? The S&P closed above $3686/$88 and completed all but the last 2 points of the $3717 target (swing high, $3740.75)!
Early yesterday, our forecast for S&P indicated new long entry at $3701. However, this position was stopped out at $3797, resulting in a loss on the position.
