06/14/2016 – S&P Emini

September S&P:

1. In yesterday’s (Tuesday, June 14) Williams edge meeting it was noted that the September S&P should test $2065 on the upside then decline and test/attempt $2053/$52 into the later session.

2. Subsequently, the September S&P advanced and completed the $2065 upside target (swing high, $2066) then reversed and spent much of the remaining session in a quiet sideways to lower movement which completed at $2054.75, slightly above the $2053/$52 downside target. This successfully completed the forecast/trade. With the September S&P unable to fully complete $2053/$52 this indicated internal strength and a likely daily bottom for the September S&P. Will message any further entry or indication in the September 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.