06/11/2015 – S&P Emini
Issued: 06/12/2015
September S&P:
1. In yesterday’s (Thurs., June 11) Williams edge and S&P meeting it was noted that the September S&P had a daily Reflected Wave top due on Fri., June 12 (+/- 1 day) and that the market was expected to decline sharply and test $2080/$79 into Mon., June 15 (+/-1 day).
2. Today’s session broke to the downside, putting the Fri., June 12 top in one trading day early (on Thurs., June 11). Therefore, the move to $2080/$79 is underway and can be traded to that target. Lower prices remain possible, but exits should be taken at/near $2081. Will update.
3. There should be no hourly or daily closes above $2098 until this completion on the downside occurs.
David Williams
Issued: 06/11/2015
September S&P:
1. The next important daily market top in the September S&P is Fri., June 12 (+/-1 day). An important, tradable multi-day decline is expected off this top. Will update with further trading information as the market continues to confirm.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.