07/09/2014 – S&P Emini
Issued: 07/09/2014
September S&P:
1. Any further test and hourly or especially daily close below $1965/$66 in the September S&P will indicate new short entry for a quick decline and test/attempt at $1956.00 into tomorrow, Thursday, July 10 (+/-1 day).
2. Once short, an initial protective buy stop should be placed in $1970.50. This stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 07/09/2014
June S&P:
1. Today’s September S&P closed slightly above $1966.00 (daily close, $1967.75). This is the stronger position and could prompt further advance to $1975/$76 in tomorrow’s session.
2. Therefore, due to today’s stronger daily close it is prudent to exit short positions from $1964/$66 (or lower) at current prices (current price, $1967.25). This results in a small loss on the entire position. Will message any further entry or indication.
David Williams
Issued: 07/10/2014
September S&P:
1. Today’s September S&P completed the forecast decline noted in yesterday’s session (failure at $1965/$66 indicates new short entry for quick decline and test/attempt at $1956 or lower into Thursday, July 10 (+/-1 day). Today’s session low, $1946.25, so far).
2. However, out of prudence we exited our short position from $1964/$66 due to yesterday’s daily close slightly above those levels (yesterday’s daily close, $1967.75). 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.