01/27/2016 – S&P Emini
Issued: 01/27/2016
March S&P:
1. Our previous Williams edge S&P report indicated that continued daily closes above $1861 in the March S&P would indicate a test/attempt at $1930/$31, then $1944/$45 (or higher) into Thursday, January 28 (or slightly beyond).
2. However, today’s (Wednesday, January 27) Fed announcement session produced one hourly close above $1900 before reversing sharply lower and closing the day at $1871.
3. Today’s market behavior must be considered the weaker position, at least temporarily. A test/attempt at $1854/$52 (or lower) may occur this week. However, note that the original forecast noted above is not negated until a daily close below $1860 occurs. Will update in tomorrow’s live session.
David Williams
Issued: 01/26/2016
March S&P:
1. As noted in our previous Williams edge S&P meeting, the forecast January 19 weekly bottom (last week’s $1804.25 bottom) in the March S&P is considered complete. From this point forward, continued daily closes above $1861 (which is expected) indicates a test/attempt at $1930/$31, then $1944/$45 (or higher) into Thursday, January 28 (or slightly beyond).
2. Hourly or especially a daily close above $1900 will further confirm the above noted forecast. Will update in the live messenger window and subsequent reports as the March S&P 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.