05/17/2017 – S&P Emini
- May 17, 2017
- S&P Emini
June S&P:
1. In today’s (Wednesday, May 17) Williams edge S&P meeting it was noted that any confirmed break of $2366 downside target would indicate a decline to $2355. Additionally, it was noted that if today’s 5th hour could not advance to $2375 that this would also indicate a continued decline to $2355.
2. Subsequently, today’s 5th hour was unable to touch $2375 (5th hour swing high, $2371) and subsequently the June S&P broke down to new session lows and completed the forecast $2355 downside target (today’s session low, $2354.75). 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.