08/24/2015 – S&P (Intraday Trade)
September S&P:
1. In yesterday’s (Monday, August 24) live S&P window it was noted that any hourly close/important break of $1910 in the September S&P could be sold short for continued decline and test/attempt at $1865/$60.
2. Subsequently, the market broke below $1910. It was noted that final downside profit target should be taken at $1875 (rather than the $1865/$60 original downside target). The market declined and completed the $1875 downside target, completing the trade.
3. Subsequently the September S&P bounced back up to $1922.25 before reversing and completing the majority of the $1965 downside target (swing low, $1966.75). 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.