01/06/2019 – S&P Emini
March S&P:
1. Beginning on Monday 12/17 in our Williams edge meetings we noted that a daily close below $2586 in the March S&P was the earliest indication for a sharp decline to $2412/$05 or lower into Friday 12/21.
2. Subsequently, Friday 12/17 closed below $2586 (at $2556.75) and the following day we further added to the forecast stating that a daily close below $2502 would indicate a drop to $2340/$30 into Wednesday 12/26.
3. The S&P then declined sharply and on Wednesday 12/26 had completed all of the downside targets including $2340/$30 and made a session low of $2316.75. Wednesday 12/26 marked the bottom for the current larger ongoing advance.
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.