01/20/2016 – S&P (Intraday Trade)

March S&P:

1. In yesterday’s (Wednesday, January 20) 3:05 CST live messenger post it was noted that a test/attempt at $1838/$37 was expected in today’s early session.

2. The Globex overnight session completed the $1837 downside target (today session low, $1836.25). This prompted our short entry today at approximately $1847 for a pit session completion of the same target.

3. Partial short position exit was taken it $1842 and the market bottomed at $1840.75 before reversing powerfully to the upside, resulting in a loss on the position. While unfortunate, the current volatility requires more distant protective stops. 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.