05/15/2018 – S&P Emini
June S&P:
1. In Friday’s (05/11) and Mondays (05/14) Williams edge session it was noted that the June S&P (then trading at approximately $2738.00) would normally decline and test $2712 into Monday 05/14 (+1 day). However, at the time I noted that the current trend was very strongly up and that until we had further confirmation no short entry was being taken.
2. In today’s (Tuesday 05/15) June S&P the market broke sharply lower indicating the move to $2712 was underway. This level was completed along with lower prices. This 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.