06/08/2015 – S&P Emini
June S&P:
1. In Friday’s (June 5) S&P meeting (and subsequent report) it was noted that any further hourly or daily close below $2085 this week (week of June 8) would indicate a tradable decline down to $2074/$73. Friday’s session closed at $2091.50.
2. The break of $2085 occurred yesterday (Mon., June 8). Partial short position exits were taken at/near $2081/$80 (noted in the report). Any remaining position were exited at/near the noted $2074/$73 downside target.
3. During the week of June 8 any larger decline would take the S&P to $2053/$51. 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.