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