05/07/2014 – S&P Emini
Issued: 05/06/2014
June S&P:
1. Continued hourly and especially a daily close today (Tuesday, May 6) below $1879 (worst-case below $1883) in the June S&P will indicate new short entry for further decline and test/attempt at $1854/$53 into Wed., May 7 (+/-1 day).
2. Will update as the market continues to confirm.
David Williams
Issued: 05/07/2014
June S&P:
1. Our May 6 June S&P update indicated new short entry below $1879 (or worst-case, below $1883) for the forecast decline to $1854/$53 due into today, Wed., May 7 (+/-1 day).
2. Today’s session declined further, making a session low of $1854.50 against the $1854/$53 downside target, so far. This completes the trade. Aggressive can hold a small remaining position for the possibility of lower prices.
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.