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Yesterday’s (Wed.,12/09) first S&P forecast indicated new long entry at $3704/$03 for advance to $3708/$10 profit target. Results? The S&P made a subsequent swing low of $3703.75 then advanced to and completed the $3708/$10 profit target (swing high, $3710.50)!
With S&P trading at $3798, our next forecast was for continued advance to $3708 profit target. Results? The S&P advanced and completed the $3708 target (session high, $3708.00)!
Our next S&P forecast was for new long entry at $3682/$81 for advance to $3690/$91 profit target. Results? The S&P made a subsequent swing low of $3677.25 then completed the $3690/$91 profit target (swing high, $3693.00)!
Early today, with the S&P trading at $3694, our forecast was for decline to $3682/$81, expected in the early session. Result? The S&P took longer than expected, but did complete the decline to $3682/$81 a little later (swing low, $3678.25)!
With the S&P at $3667, our Wed., 12/02 forecast indicated advance to $3695/$3700, due on Fri., 12/04. Results? The S&P advanced from $3667 and completed the $3700 target on Fri., 12/04 (session high, $3700.00)!
Today’s first S&P forecast was for new long entry at $3681 for advance to $3686 profit target. Results? The S&P made a subsequent swing low of $3680.75 then completed the $3686 profit target (swing high, $3686.25)!
Yesterday (Thurs., 12/03) our 8:15 a.m. PST S&P forecast was for a later failure at $3680 then a decline to $3655/$52 to occur into 12/04. Result? The S&P tested $3680 late in the session then declined to the $3655/$50 profit target (swing low, $3655.25)!
Today’s first S&P forecast indicated new long entry at $3666 for advance to $3671 initial, and $3675/$76 final profit target. Results? The S&P made a swing low of $3664, then reversed and completed $3675/$66 profit target (swing high, $3677.00)!
Our 2nd S&P forecast today indicated new short entry at $3677 for decline to $3663/$62 profit target. Results? The S&P made a subsequent swing high of $3677.00 then declined and completed the $3663/$62 profit target (swing low, $3656.00)!
Our first S&P forecast was for new short entry at $3671/$72 for decline to $3663/$62 initial target. Results? The S&P made a swing high of $3671.75 and completed the $3663/$62 initial target. However our remaining 1/2 position was stopped at $3673.
