07/12/2017 – S&P Emini
September S&P:
1. In yesterday’s (Wednesday, July 12) Williams edge Pro room and live messenger window it was noted that the normal position for the September S&P after midday was a test of $2437. However it was indicated that if the market was unable to test $2437 after midday, a test of $2446 on the upside would occur.
2. Subsequently, the September S&P was unable to test $2437 into mid day (swing low, $2438.50) and today’s Globex (overnight) session advanced and completed the $2446 upside target (today’s Globex session high, $2446.50). This completes the forecast/trade. Will message any further entry or indication in the September S&P.
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.