07/03/2014 – S&P Emini
Issued: 07/03/2014
September S&P 500:
1. In yesterday’s (Wed., July 2) Williams edge live meeting it was noted that the S&P (then trading at/near $1965/$66) would advance and test/attempt $1977/$78 into today’s (Thursday, July 3) session. Today’s session high has been $1975.00, so far.
2. Therefore, higher prices remain likely, including a test/attempt at $1977/$78 (or higher). Will update.
David Williams
Issued: 07/03/2014
September S&P 500:
1. Today’s September S&P continued its advance from $1965/$66 and completed the forecast $1977/$78 upside target due today, Thursday, July 3, noted in yesterday’s Williams edge live meeting (today’s session high, $1978.25, so far). This completes the trade.
2. Another important level exists slightly above $1978.00 at $1981/$82. Although not a forecast, should this level ($1981/$82) be reached and closed below on the day (between today and Monday July 7), it may prompt new entry on the short side. Will update as the market continues to confirm.
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.