08/12/2015 – S&P Emini
- August 12, 2015
- S&P Emini
September S&P:
1. On Thursday, August 6 in our Williams edge live meeting it was noted that any hourly close below $2064/$62 in the September S&P would result in a fast decline to $2050/$47. Subsequently, the market was unable to close below $2064/$62, negating the indication.
2. Today (Wednesday, August 12) the September S&P broke below the critical $2064/$62 level and completed our Thursday, August 6 downside target at $2050/$47 (today’s session low, $2046.50). Although not expected to be traded because the August 6 time period had passed, today’s completion of $2047 is an important downside completion. 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.