04/03/2018 – S&P Emini
June S&P:
1. In last Wednesdays (03/28) Williams edge session it was noted that a daily close above $2607 would advance to $2662/$63.
2. Subsequently, the S&P closed daily above $2607 (at $2608) and completed the majority of the forecast advance to $2662/$63 (session high, $2659.50. This means approximately 51 of the 54 points forecast were completed. However, it was unusual that the market couldn’t reach the $2662/$63 target. The following day’s sharp decline gave a good explanation for the weakness shown in the advance and attempt at $2662/$63. Will message any further entry or indication in the June 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.