01/30/2015 – S&P (Intraday Trade)
March S&P:
1. In today’s (Fri., Jan. 30) S&P messenger window it was noted that if the March S&P could stay above $1994 it would advance to $2006/$07.
2. Subsequently, the March S&P tested the $1994 level (session low, $1993.25) and reversed quickly, completing the $2006/$07 upside target/trade.
3. Today’s session has shown slightly unusual behavior which can indicate a more important directional move in preparation for next week. Will update in next week’s session.
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.