07/13/2015 – S&P (Intraday Trade)
September S&P:
1. In today’s (Monday, July 13) S&P live messenger window it was noted that a test/attempt at $2084 was expected to occur into mid-day. How the market handled that decline would indicate if higher prices were to be expected.
2. Today’s mid-day session declined to $2086 (well above $2084) into mid-day which prompted the live messenger to note that the market was in a very strong position with substantially higher prices coming. Late in today’s session the market broke out to new recent highs, making a session high of $2094.75. This completes the forecast for higher prices, at least for today. 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.