01/24/2016 – S&P Emini
Issued: 01/22/2016
March S&P:
1. In yesterday’s (Thursday, January 21) Williams edge S&P meeting it was noted that the March S&P (then trading at approximately $1869) was likely to move substantially higher into Monday, January 25 (+1 day) and complete $1885/$86, then $1904/$05 and (under normal conditions) $1913/$15.
2. Today’s session got above the critical $1874 breakout point and completed the $1885/$86 upside target and has made a session high of $1897.50, so far. Higher prices remain likely into Monday, January 25. Will update as the market continues to confirm.
David Williams
Issued: 01/25/2016
March S&P:
1. In Thursday’s, January 21) Williams edge S&P meeting it was noted that the March S&P (then trading at approximately $1869) was likely to move substantially higher into Monday, January 25 (+1 day) and complete $1885/$86, then $1904/$05 and (under normal conditions) $1913/$15.
2. Today’s (Monday, January 25) session continued on the advance and completed the $1904/$05 upside target (today’s session high, $1904.25, so far). Although the possibility of a test/attempt at $1913/$15 remains as noted in the original forecast, we continue to treat the current advance as a bear market rally. Higher targets will be addressed if the market continues to confirm the current ongoing advance. Will update.
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.