02/18/2015 – S&P (Intraday Trade)
March S&P:
1. In yesterday’s (Wed. Feb. 18) 1:45 CST S&P messenger post it was noted that any failure at $2097 in the March S&P would then decline and test/attempt $2085/$84 into today’s (Thurs., February 19) early session.
2. Today’s (Thurs., Feb. 19) early session declined as expected but was unable to fully complete the $2085/$84 early session downside target (today’s session low, $2087.50, so far).
3. The market’s inability to complete the $2085 downside target shows lower than usual market volatility which has been seen in recent sessions. 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.