05/04/2016 – S&P (Intraday Trade)
- May 4, 2016
- S&P (Intraday Trade)
June S&P:
1. In today’s Williams edge live meeting (and Pro room) it was noted that today’s June S&P could be shorted at $2053 for further decline to $2041 and then to drift sideways to lower into later today at $2039/$38. Additionally, a test/attempt at $2035/$34 was indicated into Thursday, May 5.
2. Subsequently, the June S&P advanced to $2053.50 which triggered new short entry. The market declined to the $2041 main target and later in the session drifted sideways to lower and completed the $2039/$38 downside target (today’s session low, $2039.00, and so far). This successfully completes the forecast/trade, barring the potential for lower prices into tomorrow, noted earlier. 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.