04/15/2014 – S&P Emini
Issued: 04/15/2014
June S&P 500,
1. Today’s June S&P failed at $1836/$37 noted in the previous post and declined to the forecast $1819/$18 downside target (and lower) also noted in that post (today’s session low, $1809.25).
2. Any further advance in tomorrow’s session is important which will likely prompt new intraday indications, as well. Will update as the market confirms.
David Williams
Issued: 04/15/2014
June S&P 500:
1. The next important daily market top for the June S&P 500 is Wed., April 16 (+/-1 day). A tradable multi-day downside reaction is expected off that top.
2. Any test/attempt at $1845 (or higher) into Wed., April 16 (+/-1 day) will further confirm this top. Will update.
David Williams
Issued: 04/15/2014
June S&P:
1. In spite of the previous update, continued hourly closes below $1836 in today’s June S&P will indicate a tradable test/attempt at $1819/$18 expected later today. Keep this in mind.
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.