05/29/2017 – S&P Emini
- May 29, 2017
- S&P Emini
June S&P:
1. In Fridays (May 26) Williams edge S&P meeting it was noted that Fridays 3rd hour was expected to decline to $2412, then advance to $2416 into the 6th hour. It was noted that Friday’s pre-holiday low volatility might delay either of these completions.
2. Subsequently, the June S&P declined to $2412 in the 3rd hour as forecast (swing low, $2411.75). The June S&P then reversed higher and today (Tuesday, May 29) (2 trading hours after Friday’s 6th hour) completed the $2416 upside target (Globex session high, $2417.00). 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.