FX:SPX500   S&P 500 index of US listed shares
With a breach of the aforementioned acceleration channel early in the session we've captured our first downside target of 2114. Projections were highly precise today calling for weakness throughout the session with an upward bias after 3pm. While new all time highs are assumed at this point as a function of market structure, the near term weakness is likely to continue, ideally down to the 2100 area and the 38.2 retrace. We are still processing tomorrow's key timing and projections and will post them as soon as they become available. You'll find the linked idea very insightful as to how today's trading session played out nearly to perfection based off the projections.

If you have any questions about our analysis or our analysis systems, feel free to contact me at any time at john@mcm-ct.com
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