04/21/2014 – S&P Emini

Issued: 04/20/2014

June S&P 500:

1. The June S&P 500 is nearing a critical juncture on the upside. Continued daily closes below either $1863 or, worst case, $1867 indicate a tradable multi-day decline and test/attempt at $1844/$43 (or lower) next week (week of April 21).

2. Will message any further intraday short opportunity based upon the above indication in tomorrow’s session.

David Williams

Issued: 04/21/2014

June S&P 500:

1. Our previous update indicated the importance of any failure between $1863 and worst-case, $1867 for a multi-day tradable decline to $1844/$43 during this week (week of April 21).

2. Further, continued hourly closes in today’s session below either $1863 or $1867 also indicate an important tradable decline which may complete both the $1844/$43 noted earlier, and $1841 all during today’s intraday session.

3. Give the market time to confirm (as noted above) prior to taking new short entry. Will update.

David Williams

Issued: 04/21/2014

June S&P 500:

1. If short the June S&P based on earlier updates (hourly or daily close below $1863/$67), a protective buy stop should now be placed at $1866. This stop will be lowered as the market continues to confirm.

2. Initial short position exit should be taken at/near $1856.00. Will update.

David Williams

Issued: 04/21/2014

June S&P 500:

1. Today’s June S&P showed strong intraday behavior by being unable to test $1859/$58 in today’s late session. Therefore, it is wise to exit any short position taken earlier at $1864/$63. Will message any further entry or indication as the market confirms.

David Williams