03/23/2017 – S&P Emini
June S&P:
1. In yesterday’s (Wednesday, March 22) Williams edge live meeting it was noted that any failure (resistance) at $2347 in the June S&P would indicate a tradable decline to $2339 which, once completed, was buying territory for a late session (6th hour) advance back up to $2346/$47.
2. Subsequently, the market failed at $2347 and quickly declined to the $2339 downside target (swing low, $2336.50). The June S&P then reversed higher and late in the session completed the $2346/$47 upside target (late session swing high, $2348.75. This successfully completes the two-step forecast. 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.