01/04/2020 – S&P Emini
March S&P:
In Tuesday’s 12/31 Williams edge session it was noted that hourly closes above $3217/$18 could be bought for an advance to $3228/$30 expected late in that day’s session, then further advance to $3236 expected into the following trading day, Thurs, 1/02/20.
2. Subsequently, the March S&P had its lowest hourly close at $3216.25 (neutral to $3217) and the following hours each closed above $3217.00 The market then quickly advanced and completed the $3228/$30 late session profit target and went on to complete the $3236 final target in that same day. This successfully completes the forecast/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.