08/13/2015 – S&P Emini
September S&P:
1. Continued hourly and especially a daily close above $2084 in the September S&P will indicate advance and test/attempt at $2094 (or higher) into Monday, August 17 (+/-1 day).
2. Initial long position exit should be taken at/near $2088/$89 and the remaining position held for completion of the larger target at/near $2094. Aggressive can hold any remaining long positions for the possibility of higher prices (above $2094) and a trend following exit.
3. Once long, a protective sell stop should be placed at $2077. This stop will be moved higher as the market continues to confirm. Will update.
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.