01/07/2016 – S&P (Intraday Trade)

March S&P:

1. In today’s (Thursday, January 7) Williams edge S&P meeting (and partially in our live messenger window) it was noted that the March S&P (then trading at approximately $1965/$66) could be sold short for a decline to $1951/$50, then $1938/$36.

2. Subsequently, the March S&P declined to the $1951/$50 initial profit target and then continued lower to complete the $1938/$36 final downside target (today’s session low, $1932.50, so far). This successfully completes a 30 point trade. Will message any further entry or indication in the March S&P.

David Williams