06/22/2014 – S&P Emini
Issued: 06/19/2014
September S&P:
1. In yesterday’s (Wednesday’s, June 18) live meeting it was noted that a breakout to nominal all-time new highs in the S&P (above $1947.25) would likely occur in Wednesday’s (yesterday’s) session.
2. It was also noted that a test/attempt at $1959 (or slightly higher) remained likely into next week (the week of June 23). This remains the case.
3. Will message any new entry based upon the above should a specific trade setup arise.
David Williams
Issued: 06/23/2014
September S&P:
1. In last week’s June 18 update (and in live meeting) it was noted that the S&P was expected to continue higher and complete $1959/$60 into Monday, June 23.
2. Today’s September S&P advanced further and completed the $1959/$60 upside target (today’s session high, $1959.75, so far). This is an important upside completion. A daily close today (Monday, June 23) below $1956.75 will further validate the importance of today’s completion of $1959/$60. 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.