09/02/2015 – S&P (Intraday Trade)
Issued: 09/02/2015
September S&P:
1. In today’s (Wednesday, September 2) Williams edge S&P meeting it was noted that any confirmed breakdown below $1931 in the September S&P was expected to test/attempt $1912.
2. Subsequently the September S&P broke the $1931 level and declined to a session low of $1916.25 but remained unable to complete the $1912 target. Partial profits were taken at approximately $1917.
3. Later in the session the messenger indicated that any breakout above $1939 would provide a tradable advance to $1954 then $1962/$63. Today’s Globex session immediately completed the $1954 initial upside profit target. Higher prices remain expected. Will update in tomorrow’s session.
David Williams
Issued: 09/03/2015
September S&P:
1. In yesterday’s (Wednesday, September 2) later session our S&P messenger indicated that any breakout above $1939 would provide a tradable advance to $1954 then $1962/$63 into today, Thursday, September 3. Yesterday’s Globex session immediately completed the $1954 initial upside profit target.
2. Today’s Globex session completed the forecast $1963 upside target (today’s session high, $1968.75, so far). This completes the forecast/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.