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08/19/2015 – S&P (Intraday Trade)

September S&P:

1. In today’s (Wednesday, August 19) S&P messenger window it was noted that the September S&P (then trading at approximately $2077/$78) should not close above $2081 before declining to test $2071.

2. Subsequently, the September S&P tested $2081 and was unable to close above it and then reversed lower and completed the $2071 downside target (today’s session low, $2070.25, so far). This completes the trade. 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.