06/08/2015 – S&P Emini
Issued: 06/07/2015
June S&P:
1. In Friday’s (June 5) S&P meeting it was noted that a test of and daily close above $2085 would be the stronger position. However, any subsequent hourly or daily close below $2085 next week (week of June 8) would indicate a tradable decline down to $2074/$73. Friday’s session closed at $2091.50.
2. Should the confirmed break of $2085 occur, partial short position exit should be taken at/near $2081/$80. Any remaining position should be held for the $2074/$73 downside target.
3. During the week of June 8 any larger decline would take the S&P to $2053/$51. Will update on this if the market confirms as noted above.
David Williams
Issued: 06/09/2015
June S&P:
1. In Friday’s (June 5) S&P meeting it was noted that any subsequent 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. Yesterday’s (Mon., June 8) session closed both hourly and daily below $2085. Partial short position exit was taken at/near $2081/$80. Any remaining position was exited at/near $2074/$73 as noted in the original update.
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.