01/19/2016 – S&P (Intraday Trade)
- January 19, 2016
- S&P (Intraday Trade)
March S&P:
1. In yesterday’s (Tuesday, January 19) Williams edge S&P meeting it was noted that any important break of $1880 would decline to $1868/$67 (or lower) into approximately mid day.
2. Although the March S&P took about one hour longer than usual to fulfill the forecast decline, the market did fail at $1880 and subsequently complete the $1868/$67 downside target in yesterday’s session, with yesterday’s swing low at $1856.25. This 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.