07/16/2014 – S&P Emini
- July 16, 2014
- S&P Emini
September S&P:
1. In today’s (Wed. July 16th) Williams edge live meeting it was noted that today’s early session decline would not break $1968.00 on the downside and that the market could be bought at or above $1968 for a 5th hour test of $1977.
2. Today’s early session declined to $1969.25 and reversed to the upside and completed the $1977 upside target in today’s 5th hour (today’s 5th hour session high, $1976.75).
3. Self-directed traders exited any long positions based upon the above at/near $1977. This completes the 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.