01/05/2016 – S&P Emini
March S&P:
1. In yesterday’s (Tuesday, January 5) Williams edge live S&P meeting it was noted that while higher prices appeared indicated, any hourly close below $1993 would indicate a ‘sell the silly thing’ short entry for substantially lower prices below $1980.
2. Yesterday’s Globex (overnight) session broke and closed hourly below $1993 (at $1988.50) indicating new short entry). After a multi hour bounce the market declined below $1980, as forecast. Today’s session also completed Monday’s original $1973/$69 downside target as well (today’s session low, $1971.25, so far). This successfully completes the forecast/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.