04/10/2014 – S&P Emini

Issued: 04/10/2014

June S&P 500, previous update:

1. The Monday, April 7 update (noted above) indicated that aggressive traders could short hourly closes below $1843 in the June S&P 500 for a test/attempt at $1834 initial downside target. Monday’s session broke $1843 and completed the $1834 downside target (Monday’s session low, $1834.50).

2. Our original forecast indicated a decline into an April 8 (+/-1 day) daily bottom with the possibility of a wildcard continuation decline to $1815/$12. Although today’s session has moved higher in response to the April 8 bottom, we suspect that the S&P may still test/attempt the $1815/$13 wildcard level before the current decline is over.

3. While the above is only a suspicion and not immediately tradable, any daily close below $1840 (or $1832) within the next 7 days should be viewed as potential short selling territory for completion of the original $1815/$13 downside target. Will update as the market confirms.

Latest update:

1. Today’s June S&P 500 declined sharply, taking back all of yesterday’s (Wed. April 9) gain and more. Today’s sharp decline further confirmed our earlier update which indicated the likelihood of further decline and an ultimate test/attempt $1815/$12 (or lower). Today’s session low was $1823.75.

2. Therefore, lower prices remain likely, including a test/attempt at $1815/$12 (or lower). Will update in tomorrow’s session.

David Williams

Issued: 04/11/2014

June S&P 500, previous update:

1. Today’s June S&P 500 declined sharply, taking back all of yesterday’s (Wed. April 9) gain and more. Today’s sharp decline further confirmed our earlier update which indicated the likelihood of further decline and an ultimate test/attempt $1815/$12 (or lower). Today’s session low was $1823.75.

2. Therefore, lower prices remain likely, including a test/attempt at $1815/$12 (or lower). Will update in tomorrow’s session.

Latest update:

1. Today’s June S&P continued on on the recent decline and completed our earlier live and published updates which indicated the forecast April 8 daily bottom, a bounce, and a likely sharp decline to $1815/$12 (today’s session low, $1814.50).

2. Self-directed traders shorted the S&P 500 upon hourly or daily close below either $1840 or $1832 as noted in previous updates. Final short position exits were taken at/near the $1815 downside target. Lower prices remain possible. Will message any further entry or indication as the market confirms.

David Williams

Issued: 04/02/2014

June S&P 500, previous update:

Latest update:

1. Today’s June S&P opened higher and prompted our early day update (above) indicating a test/attempt at $1880/$82 into midday or beyond.

2. Today’s market pulled back and tested $1870 just prior midday and then advanced strongly into the late session, with swing high at $1878.75 (against the $1880/$82 upside target.

3. A further test/attempt at $1880/$82 is expected into tomorrow, in spite of the slight delay in its completion. Will update in tomorrow’s session.

Latest update:

1. Today’s (Wed., April 2) Globex session completed the forecast advance to $1880/$82 in the June S&P 500, noted in yesterday’s updates (today’s Globex session high, $1883.50). This completes the forecast/trade. Will message any further entry or indication as the market confirms.

David Williams

Issued: 04/07/2014

June S&P 500, previous update:

1. Today’s June S&P session continues the sharp decline below $1876 and will likely attempt $1856/$55 (or lower) into Tuesday, April 8 noted in today’s and previous live meetings.

2. Although the above remains valid, hourly closes above $1868 may prompt an advance and test/attempt at $1880/$82 prior to further. decline. Will update.

Latest update:

1. Fridays (April 4) June S&P 500 session completed the forecast decline from $1881/$1876 to the $1856 downside target due Tuesday, April 8 (+/-1 day) noted in previous updates and recent live meetings (Friday’s session low, $1855.75).

2. Self-directed traders exited a portion of their short position at/near the $1856 downside target. A daily close today (Monday, April 7) below $1856 is the weaker position. Will message any further entry or indication.

David Williams

Issued: 04/07/2014

June S&P 500, previous update:

1. Fridays (April 4) June S&P 500 session completed the forecast decline from $1881/$1876 to the $1856 downside target due Tuesday, April 8 (+/-1 day) noted in previous updates and recent live meetings (Friday’s session low, $1855.75).

2. Self-directed traders exited a portion of their short position at/near the $1856 downside target. A daily close today (Monday, April 7) below $1856 is the weaker position.

Latest update:

1. A daily close today below $1843 in the June S&P 500 will be the earliest indication for a possible wildcard decline to both $1834, then $1815/$13 on the downside into April 8 (+/-1 day).

2. A wildcard refers to a Roadmap with a distant price target ($1815/$13 in this case) that the market may complete in a fast move. It is not as certain as an ordinary Roadmap trade.

3. Aggressive can short continued hourly closes below $1843 today prior to waiting on the daily close below $1843. Will message any further entry or indication as the market confirms.

David Williams

Issued: 04/09/2014

June S&P 500, previous update:

1. A daily close today below $1843 in the June S&P 500 will be the earliest indication for a possible wildcard decline to both $1834, then $1815/$13 on the downside into April 8 (+/-1 day).

2. A wildcard refers to a Roadmap with a distant price target ($1815/$13 in this case) that the market may complete in a fast move. It is not as certain as an ordinary Roadmap trade.

3. Aggressive can short continued hourly closes below $1843 today prior to waiting on the daily close below $1843. Will message any further entry or indication as the market confirms.

Latest update:

1. The Monday, April 7 update (noted above) indicated that aggressive traders could short hourly closes below $1843 in the June S&P 500 for a test/attempt at $1834 initial downside target. Monday’s session broke $1843 and completed the $1834 downside target (Monday’s session low, $1834.50).

2. Our original forecast indicated a decline into an April 8 (+/-1 day) daily bottom with the possibility of a wildcard continuation decline to $1815/$12. Although today’s session has moved higher in response to the April 8 bottom, we suspect that the S&P may still test/attempt the $1815/$13 wildcard level before the current decline is over.

3. While the above is only a suspicion and not immediately tradable, any daily close below $1840 (or $1832) within the next 7 days should be viewed as potential short selling territory for completion of the original $1815/$13 downside target. Will update as the market confirms.

David Williams

Issued: 04/04/2014

June S&P 500, previous update:

1. Today’s (Wed., April 2) Globex session completed the forecast advance to $1880/$82 in the June S&P 500, noted in yesterday’s updates (today’s Globex session high, $1883.50). This completes the forecast/trade. Will message any further entry or indication as the market confirms

Latest update:

1. Today’s June S&P session continues the sharp decline below $1876 and will likely attempt $1856/$55 (or lower) into Tuesday, April 8 noted in today’s and previous live meetings.

2. Although the above remains valid, hourly closes above $1868 may prompt an advance and test/attempt at $1880/$82 prior to further. decline. Will update.

David Williams