01/21/2016 – S&P Emini
- January 21, 2016
- S&P Emini
March S&P:
1. In today’s (Thursday, January 21) Williams edge live meeting and 10:10 CST live messenger post it was noted that any breakout above $1874 would test/attempt $1885/$86.
2. Subsequently, the market broke out above $1874 and attempted completion of the $1885/$86 upside target (today’s swing high, $1883.25). The market then reversed lower. Today’s overall behavior regarding price targets indicates a market that may be ‘wedging down’ in preparation for more important directional move. 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.