02/08/2017 – S&P Emini

March S&P:

1. In recent Williams edge live meeting it was noted that continue daily closes below $2294 would indicate a quick decline to $2276/$75. Traders were short in the pro-trading room between $2288/$87 based upon the above.

2. Subsequently, it was noted yesterday that if the market was unable to close hourly below $2286/$85 into mid day that existing short positions should be exited. The market was unable to close hourly below $2286/$85 yesterday which prompted our short position exit at approximately $2290.50/$91, resulting in a small loss on the entire trade. 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.