03/18/2015 – S&P Emini
Issued: 03/16/2015
June S&P:
1. In Friday’s Mar. 13 Williams edge live meeting it was noted that any further advance to and daily close at or below $2066 in the June S&P would be the earliest indication for a sharp decline and retest of $2031/$30 (or lower) into late this week (week of Mar. 16).
2. Today’s (Mon., Mar. 16) June S&P has advanced sharply and completed the $2066 level. Therefore, from this point forward daily closes below $2066 (worst-case, $2071) will likely prompt new short entry for a multi-day decline and test/attempt at $2031/$30 (or lower).
3. Any daily close above $2071 will likely negate this indication. Will update as the market confirms.
David Williams
Issued: 03/18/2015
June S&P:
1. In Friday’s Mar. 13 Williams edge live meeting it was noted that any further advance to and daily close at or below $2066 in the June S&P would be the earliest indication for a sharp decline and retest of $2031/$30 (or lower) into late this week (week of Mar. 16).
2. However, today’s (Wed., Mar. 18) session broke out above $2071 and will likely close the day above that level. A daily close above $2071 will indicate further advance and test/attempt at $2094/$95 (or higher) into tomorrow (Thurs., Mar. 19).
David Williams
Issued: 03/18/2015
June S&P:
1. In Friday’s Mar. 13 Williams edge live meeting it was noted that any further advance to and daily close at or below $2066 (or worse case, $2071) in the June S&P would be the earliest indication for a sharp decline and retest of $2031/$30 (or lower) into late this week (week of Mar. 16).
2. However, in today’s (Wed., Mar. 18) Williams edge live meeting (and in today’s subsequent June S&P report) it was noted that if the June S&P traded significantly above $2071/$74 aggressive traders should simply Buy the market for significantly higher prices. Additionally, today’s 11:16 PST June S&P report noted that the forecast trading target was $2095/$96, expected into Thurs., Mar. 19).
3. Today’s explosive breakout continued on the upside and completed the forecast $2095/$96 upside target (today’s session high, $2099.75, so far). This completes the trade. Will message any further entry or indication in the June 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.