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03/13/2015 – S&P (Intraday Trade)

June S&P:

1. In today’s (Fri., Mar. 13) S&P messenger live session (2:13 CST post) it was noted that the June S&P, then trading at approximately $2037.50 was expected to advance and test $2047/$48 into early Mon., March 16.

2. Today’s late session advanced approximately 10 points and completed the $2047/$48 upside target, completing the forecast/trade (late session swing high, $2048.25). This is an important upside completion and sets several tradable indications into motion for next week.

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.