01/14/2015 – S&P (Intraday Trade)
March S&P:
1. In yesterday’s (Wednesday, January 14) live messenger session it was noted that any hourly close below $1988 would indicate a decline to $1982/$79. This decline was completed at $1981.25.
2. Additionally, after completion of the $1982/$79 downside target an advance to $2001/$03 was indicated upon any hourly close up back above $1990. This advance also completed at $2003.25 on the upside.
3. The above 2 indications were less tradable than usual due to the market nearly completing the forecast price targets prior to the confirmation for trade entry. This can occur in a fast market. 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.