08/08/2017 – S&P Emini
September S&P:
1. In Fridays (August 4) Williams edge live meeting it was noted that the current sideways September S&P was expected to resolve itself on the upside (especially with a daily close above $2475) with an advance to $2481 and $2486 into Tuesday, August 8 (+/-1 day).
2. Subsequently, the September S&P closed on August 7 above $2475, further confirming the forecast. Today (Tuesday, August 8) the September S&P broke out to the upside and completed both the $2481 and $2486 upside targets (today’s session high, $2488.50, so far). This successfully completes the forecast/trade. Will message any further entry or indication in 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.