04/17/2015 – S&P Emini

Issued: 04/14/2015

June S&P:

1. As noted in yesterday’s (Mon., April 13) live S&P meeting, the June S&P’s next important daily top was due on April 13 (+1 day) and was expected to provide a tradable decline to at/near $2071/$70 into Thurs., April 16 (+/-1 day).

2. Between now and Thurs., April 16 there should be no daily close above $2098 (and worse case, $2100) or the above-noted decline will be negated. Therefore, the June S&P is now in a ‘Sell’ position for aggressive traders.

3. Initial short position exit should be taken at/near $2078, and the remainder exited at/near $2072/$70. Any remaining position can be held for the possibility of lower prices in a trend following exit to be messaged in a subsequent update.

4. Initial protective buy stops must be placed above $2098, at least initially. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 04/15/2015

June S&P:

1. As noted in Mon., April 13 live S&P meeting, the June S&P’s next important daily top was due on April 13 (+1 day) and was expected to provide a tradable decline to at/near $2071/$70 into Thurs., April 16 (+/-1 day). Subsequently the June S&P declined into Tues., April 14 approximately 25 points.

2. However, as noted in the report, no daily close above $2098 (and worse case, $2100) was allowable otherwise the above-noted decline would be negated.

3. Today’s (Thurs., April 15) June S&P advanced powerfully and closed the session at $2100.00, neutral to the $2100.00 closing level noted earlier. Because today’s close was neutral, it does not yet fully negate nor confirm the original forecast decline to $2071/$70. Therefore, no new action is being taken in the June S&P until tomorrow’s session. Will update.

David Williams

Issued: 04/17/2015

June S&P:

1. If short based upon the failure at $2091/$88 noted in yesterday’s live meeting, partial short position exit should be taken at current prices (current price, $2079). The remaining position should be held for completion of the larger $2072/$70 downside target. Will update.

David Williams

Issued: 04/17/2015

June S&P:

1. In our Mon., April 13 live S&P meeting (and subsequent updates) it was forecast that the June S&P’s next important daily top was due on April 13 (+1 day) from which a tradable decline to at/near $2072/$70 was expected into Thurs., April 16 (+/-1 day).

2. Subsequently, the June S&P began the forecast decline but then rallied to test the April 13 top on both April 15 and 16th. Today, Fri., April 17, the June S&P broke sharply and completed the forecast $2072/$70 downside target (today session low, $2072.50, so far). This completes the forecast/trade 1 day late.

3. Because of the questionable behavior on April 15/16th yesterday’s (Thurs., April 16) live meeting noted that any significant break of $2091/$88 should be used for new short entry for the completion of the $2072/$70 downside target. This break of $2091/$88 occurred in today’s session and resulted in a successful trade. Will message any further entry or indication in the June S&P.

David Williams