04/12/2017 – S&P Emini
June S&P:
1. In today’s (Wednesday, April 12) Williams edge live meeting it was noted that a test of $2342 was expected and hourly closes above $2342 would then indicate an advance to $2347 for new short entry and further important decline.
2. Although the June S&P closed hourly below $2342.00, it was noted that if the June S&P did rally to $2347 at midday or beyond (the original forecast) it would remain important short selling territory for further tradable decline.
3. The market did advance to $2347.00 just slightly after midday (swing high $2346.75) and declined sharply back to $2338.00 with lower prices remaining possible. This completes the forecast/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.