08/02/2016 – S&P Emini

September S&P:

1. In yesterday’s (Tuesday, August 2) Williams edge Pro session it was noted late in the day that $2145/$43 was an important downside level that if closed above on the hourly would indicate new long position for a late day advance to $2153/$54.

2. Subsequently, the September S&P tested the above-noted levels and firmed up which prompted new long entry at/near $2145 in the pro trading room. The September S&P advanced and completed the $2153/$54 upside target (session high, $2153.50). This successfully 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.