05/18/2019 – S&P Emini
June S&P:
1. In last Tuesday’s (05/14) Williams edge plus session it was noted to sell the June S&P short at/near $2833 for an expected decline to $2824 initial target.
2. Subsequently, the June S&P made a swing high at $2832.75 (against the $2833 selling territory) and then reversed lower and completed the $2824 initial downside target (swing low, $2821.50). The market advanced from their and our remaining position was stopped out at approximately $2836, resulting in a gain on the overall position.
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.