08/25/2015 – S&P (Intraday Trade)
September S&P:
1. In today’s (Tuesday, August 25) live S&P messenger window 8:35 CST post it was noted that the September S&P (then trading at approximately $1937) was expected to provide a tradable decline and test/attempt $1918/$16 into today’s 2nd hour.
2. Subsequently, the September S&P declined sharply and attempted the $1918/$16 downside target (swing low, $1922, so far) and reversed off that level. This is an important development and may prompt further entry in today’s session. Will update as the market continues to confirm.
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.