08/18/2019 – S&P Emini
September S&P:
1. In last Monday’s 08/12 Williams edge session it was noted that the S&P should continue to decline from $2986-$2975 that day. And further, that a daily close above $2975 could be bought for advance to $2904/$45.
2. Subsequently, the September S&P completed the $2875 downside target (swing low, $2872.50 and then closed above $2975 at $2980.25. The market quickly advanced and completed the $2944/$45 upside target. This represented a 64 point S&P advance for our Williams edge S&P clients.
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.