05/21/2017 – S&P Emini
June S&P:
1. In Fridays (May 19) Williams edge live meeting it was noted that the June S&P was expected to test $2383/$84 on the upside (with a possible spike above those levels) but with no hourly closes above $2384/$85. Then, a midday decline to $2378/$77 was expected to occur.
2. The June S&P had its highest hourly close in the 5th hour at $2385.50 and spiked up to $2388 in the 6th hour before reversing sharply and completing the forecast $2378/$77 downside target (swing low, $2378.00). This successfully completed the forecast/trade, although later in the session than originally forecast. 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.