01/29/2016 – S&P Emini

March S&P:

1. As noted in our earlier Williams edge S&P report, continued daily closes above $1861 (which was expected) would indicate an advance to at/near $1930/$31, then $1944/$45 (or higher) into Thursday, January 28 (or slightly beyond). Hourly or especially a daily close above $1900 would further confirm the above noted forecast.

2. Today’s (Friday, January 29) March S&P session broke out above the $1900 level which indicated the advance to $1930/$31. Then $1930/$31 upside target was completed in today’s session (today’s session high, $1933.00). This successfully completes the initial portion of the trade. Higher prices remain likely into next week.

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.