03/04/2015 – S&P (Intraday Trade)
March S&P:
1. In today’s (Wed., Mar. 4) S&P messenger session it was noted that any test and failure at $2099/$2100 would indicate a tradable decline and test/attempt at $2091 (or lower).
2. The market advanced and tested the $2099/$2100 upside target (swing high, $2099.75) before reversing and completing the majority of the forecast decline to $2091 (subsequent swing low, $2092.50).
3. Today’s March S&P session displayed a slight increase in the recent (low) volatility which makes the remainder of the week important with several tradable indications likely.
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.