06/18/2015 – S&P Emini

September S&P:

1. In today’s (Thurs., June 18) Williams edge live meeting it was noted that if the September S&P did not touch $2110 during its mid-morning decline it would then advance to at/near $2121. This gave our clients a clear picture of what was likely to occur.

2. Subsequently, the September S&P attempted $2110 but was unable to touch it and quickly reversed higher and attempted the $2121 upside target (swing high, $2119.25). Missing the $2121 upside target by more than 1 point is unusual and potentially an important indication. Will update in tomorrow’s session.

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.