05/03/2016 – S&P Emini
June S&P:
1. In today’s (Tuesday, May 3) Williams edge live meeting (and 9:26 EST live messenger post) it was noted that any test of and hourly close above $2051/$52 in the June S&P could be bought for a midsession or beyond advance to $2062.
2. Subsequently, the June S&P declined to a session low of $2048 but recovered and closed the hour at $2053.50, prompting new long entry. From there the market advanced and completed the $2062 upside target (swing high, $2063.25). This successfully 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.