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Today’s first S&P forecast indicated new short entry at $3671/$72 for decline to $3663/$62 initial profit. Results? The S&P made a subsequent swing high of $3671.75 then completed our $3663/$62 profit target. However, our remaining 1/2 position was stopped at $3673.00.
Our Wed., 11/25 S&P forecast noted that the S&P (then trading at $3630) should decline to $3600/$3595 into Mon., 11/30+/-1 day. Results? The S&P declined and today (Mon. 11/30) completed the $3600/$3595 profit target (session low, $3592.25)!
Our Mon., 11/24 S&P forecast indicated that any hourly/daily close above $3604 would advance to $3650/$55 into 11/25. Results? The S&P closed hourly above $3604, at $3608.25, then completed the $3650/$55 target on 11/25 (swing high, $3655.00)!
Today’s 2nd S&P forecast was for new short entry at $3572/$73 for decline to $3565, then $3554 aggressive final exit. Result? The S&P made a subsequent swing high of $3573.25 and declined to both $3565 and $3554 final target (swing low, $3553.00)!
Today’s first S&P forecast indicated new short entry at $3574/$75 for decline to $3567 profit target. Results? S&P made a subsequent swing high of $3575, then reversed and completed the $3567 profit target (swing low, $3559.00)!
Our 1st S&P entry at $3556.75 took initial at $3662/$63 but was stopped at $3652/$51 / small loss. Our 2nd S&P entry at $3653/$54 was for advance to $3367 profit target. Results? S&P advanced from $3653/$54 to the $3667 profit target (swing high, $3567.50)!
Today’s late session S&P forecast indicated that a break of $3595 would indicate further decline to $3578. Results? The S&P broke $3595 and completed the $3578 profit target (swing low, $3576.00)!
Our first S&P forecast today indicated new long entry at $3606/$05 for advance to $3614 profit target. Results? The S&P made a subsequent swing low of $3604 then reversed higher and completed the $3614 profit target (swing high, $3616.25)!
Yesterday (Tues., 11/17), with the S&P at $3616, our forecast was that S&P should decline to $3585 or lower. Results? The S&P declined and completed the $3585 downside target (swing $3585.75)!
Last Tues., our S&P forecast was that with market above $3512 an advance to $3600/$05 would occur into Tues., 11/17. Results? The S&P tested the $3512 support (swing low, $3513) then reversed and completed the $3600/$05 (and higher) into Tues., 11/17!
