07/04/2018 – S&P Emini
September S&P:
1. On Monday, July 2 in our Williams edge plus session we noted new short entry in the September S&P at $2711 for decline to $2706 initial downside target. The market completed that target but quickly reversed higher and stopped out the remaining position at $2714. This was unusual behavior.
2. Subsequently, with prices later at $2726 we indicated that the S&P would advance up to $2736/$38 and do so into the next morning’s session. The next morning the S&P opened higher and completed the $2736/$38 upside target (swing high, $2738.00). This successfully completes the reversal trade.
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.