07/31/2014 – S&P Emini
September S&P:
1. In previous Williams edge live meetings it was noted that the week of July 21 (last week) and the week of July 28 (the current week) belong to an critical cycle that indicated an important decline in the September S&P.
2. Today’s (Thursday, July 31) session broke lower and tested the recent $1948/$47 downside target noted in previous updates.
3. Although not an outright forecast, the current decline could test/attempt $1338/$36 (or lower) into Friday’s (Aug. 1 +/-1 day) session.
4. Our July 17 S&P report also indicated the possibility of sharply lower prices as a direct result of the above noted weekly down cycle (week of July 21/28). Will update as the market continues to confirm.
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.