07/19/2017 – S&P Emini
September S&P:
1. In yesterday’s (July 18) Williams edge live meeting it was noted that any further test of $2459 should be shorted for further expected decline in the September S&P.
2. Subsequently the September S&P advanced to $2459 and today (Wednesday, July 19) continued on higher, stopping out our short position at $2463/$64.
3. Today’s continued advance against a previous daily top was unusual market behavior and prompted our new long entry today at $2463 for further forecast advance to $2368/$79, then $2473/$74. This was effectively a stop and reverse.
4. Subsequently, the September S&P advanced and completed the $2468/$69 upside target (today’s session high, $2468.25, so far) fully mitigating our previous loss. Higher prices remain likely. 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.