Issued: 04/05/2015
June S&P:
1. As noted in Wed., April 1 Williams edge live meeting, a daily close above $2036 would place the June S&P into a ‘Buy’ position for continued advance and test/attempt at $2078/$80 (or higher) into late this week/early next. The daily closed at $2053, prompting new long entry.
2. Aggressive traders long from $2053 eexited partial long positions at $2059.
3. Our protective sell stop was hit on Fri., April 3 at $2044. This is considered unusual behavior and resulted in a loss on the position. Will message any further entry or indication in the June S&P.
David Williams
Issued: 04/01/2015
June S&P:
1. As noted in today’s (Wed., April 1) Williams edge live meeting, today’s daily close above $2036 places the June S&P into a ‘Buy’ position for continued advance and test/attempt at $2078/$80 (or higher) into late this week/early next.
2. While our preference is to take new long entry in tomorrow’s (Thurs., April 2) session based upon subsequent upside follow through, any new entry today should be considered aggressive. An alternate aggressive long entry would be to attempt buying the market closer to $2036 during any pullback during today’s Globex session.
3. An initial protective sell stop must be placed below $2036 until further upside confirmation occurs. At that point our stop will quickly be moved higher. Will update as the market continues to confirm.
David Williams
Issued: 04/02/2015
June S&P:
1. As noted in yesterday’s (Wed., April 1) Williams edge live meeting, yesterday’s daily close above $2036 (daily closed at $2053) placed the June S&P into a ‘Buy’ position for continued advance and test/attempt at $2078/$80 (or higher) into late this week/early next.
2. Aggressive traders long from $2053 should exit partial long positions at current prices (current price $2059.
3. Our protective sell stop has been moved to $2044. This stop will continue to be moved higher as the market continues to confirm.
David Williams