06/02/2014 – S&P Emini
- June 2, 2014
- S&P Emini
June S&P 500:
1. Today’s (Monday, June 2) test and failure at the forecast $1924/$25 upside target sets the following into motion: Any daily close below $1912 in the June S&P will be the earliest indication for a multi-day tradable decline to at/near $1894/$93 (or lower) later this week (week of June 2).
2. No new short entry is indicated until a daily close below $1912 occurs. However, new short entry may be messaged from higher price levels in a subsequent update based on updated market conditions. Will update.
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.