08/08/2020 – S&P Emini
September S&P:
1. In Friday’s 08/07 Williams edge plus session it was noted to sell the September S&P short at $3343/$44 for a tradable decline to $3329 initial, then $3321 final profit target, expected to be reached and that session’s 5th hour.
2. Subsequently, the September S&P made a swing high of $3346.00 (against the $3343/$44 short selling territory) then declined and in the 5th hour completed all but the last 1.25 points of the forecast $3321 5th hour target, making bottom at $3322.25. This successfully completes the forecast/trade.
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.