07/08/2015 – S&P Emini
September S&P:
1. In today’s (Wednesday, July 8) Williams edge live meeting it was noted if the September S&P firmed up on $2046, a tradable advance to higher prices was expected. However, after testing and closing hourly above $2046 the market was unable to advance sufficiently and later broke the $2046 level.
2. In the meeting it was noted that any confirmed break of $2046 would decline quickly to $2038 or lower. Today’s late session broke the $2046 level and completed the $2038 downside target (swing low, $2036.25, so far). This completes the forecast/trade. 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.