01/04/2016 – S&P (Intraday Trade)
- January 4, 2016
- S&P (Intraday Trade)
March S&P:
1. Yesterday’s (Monday, January 4) 2:58 CST S&P messenger post indicated that the March S&P (then trading at approximately $2002) was expected to continue to advance to $2012 (initial profit target) then to $2015. Higher prices, including a possible test of $2025/$26 were noted as possible into today’s (Tuesday, January 5) session.
2. Subsequently, the March S&P advanced during the Globex (overnight) session and completed both the $2012 and $2015 upside profit targets. This resulted in a successful trade. Will message any further entry or indication in the March 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.