08/15/2014 – S&P Emini
- August 15, 2014
- S&P Emini
September S&P 500:
1. Since last week (week of Aug. 4) it was noted in Williams edge live meetings that generally the S&P was expected to have a multiweek advance off the forecast Aug. 4 weekly bottom and test both $1962, then $1970.
2. Today’s session completed the $1962 upside target (session high, $1961, so far). The market is making its initial downside reaction off that level.
3. Higher prices remain indicated, including $1970 noted in the original forecast, likely during next week (week of Aug. 18). 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.