03/10/2016 – S&P (Intraday Trade)
- March 10, 2016
- S&P (Intraday Trade)
March S&P:
1. Tuesday’s (March 8) 1:43 and 2:58 CST live messenger posts noted that if the March S&P was unable to touch $1972 on the downside, a breakout above $2007.50 would be expected in Thursday’s March 10 session. This was also noted in yesterday’s (Wednesday, March 9) live S&P meeting.
2. The lowest price reached by the March S&P between March 8/9 was $1976, therefore, the forecast remained intact for a Thursday, March 10 breakout to new highs.
3. Today (Thursday, March 10) the March S&P broke out to new highs above $2007.50 (today swing high, $2010.25), successfully completing the forecast/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.