08/05/2015 – S&P Emini
Issued: 08/05/2015
September S&P:
1. In yesterday’s (Tuesday, August 4) Williams edge live meeting (and in previous meetings) it was noted that the September S&P was expected to decline to $2078, then $2074.
2. However, it was noted that if the September S&P got back above $2092 or especially $2096 outright long positions should be immediately taken for substantially higher prices, including the possibility of a break to all-time new recent highs.
3. For those following the above indication, partial long position exit should be taken at current prices (current price, $2098.00). Further long position exit should be taken at/near $2108/$09 and final long position exit at/near $2114.00. Aggressive can continue to hold any remaining position for $2118.00 and/or the possibility of all-time new highs into later this week.
4. A protective sell stop should be placed at $2090. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 08/05/2015
September S&P:
1. Exit any remaining long positions at current prices (approximately $2095.75). A long reentry will be messaged if the market continues to confirm at/near $2095/$96.
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.