07/22/2015 – S&P (Intraday Trade)
- July 22, 2015
- S&P (Intraday Trade)
September S&P:
1. In today’s (Wednesday, July 22) Williams edge live meeting) it was noted that the September S&P was expected to retest our recent $2104/$03 downside target which would then be buying territory (upon an hourly close above $2104/$03) for a later session test/attempt at $2110 on the upside.
2. Approximately one hour later the September S&P declined to the $2104/$03 downside target/support (swing low, $2103.75) and closed the hour above that level, indicating new long entry for the test/attempt at $2110 on the upside.
3. The market advanced and completed the majority of the $2110 upside target (swing high, $2109.00). 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.