05/18/2019 – S&P Emini
June S&P:
1. In last Wednesdays (05/15) Williams edge plus session it was noted to sell the S&P short at $2824/$26 and take initial exit at $2821/$19.
2. Subsequently, the June S&P made a swing high at $2827.50 then reversed lower and completed the $2821/$19 downside target.
3. However, the S&P continued to advance prompting our stop and reverse at $2829/$31 for $2846.00 profit target. The S&P continued to advance and completed the 2846 Dollar upside target (swing high, $2847.75). This successfully completes the stop and reverse trade.
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.