06/02/2015 – S&P (Intraday Trade)
June S&P:
1. In today’s (Tues. June 2) live S&P messenger it was noted that today’s early session decline was likely to test/attempt the recent $2091/$90 downside. However, today’s early session was unable to complete that downside target (session low, $2094). This was somewhat unusual behavior and prompted extra caution on our part.
2. Later in today’s session with the market trading at $2113/$14 it was noted that under normal market conditions (questionable in today’s session) the next move would take the market down to $2106 into today’s later session.
3. Subsequently, the June S&P declined to $2106, completing the forecast. Although today’s session displayed unusual behavior, today’s movement is important and set several tradable indications into motion for tomorrow.
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.