09/29/2014 – S&P Emini
Issued: 09/29/2014
Dec. S&P 500:
1. In our Wed., Sept. 24 Williams edge live meeting it was noted that in spite of the powerful advance underway (which topped at $1992.50), the S&P was expected to test/attempt sharply lower prices at $1955/$54 into today, Mon., Sept. 29 (+/-1 day).
2. Today’s session (Mon. Sept. 29) declined sharply and completed the $1955 downside target (today’s session low, $1955.75, so far).
3. Further, lower prices including a test/attempt at $1948/$46 (or lower) remains likely during this week (week of Sept. 29 (+1 week). Will update as the market confirms.
David Williams
Issued: 09/25/2014
Dec. S&P 500:
1. In yesterday’s (Wed., Sept. 24) Williams edge live meeting it was noted that in spite of the powerful advance underway (which topped yesterday at $1992.50), the S&P was expected to test/attempt sharply lower prices at $1955/$54 into Mon., Sept. 29 (+/-1 day).
2. Today’s Dec. S&P declined sharply, taking back all of yesterday’s gains and making a session low of $1957.75, just 2.75 points above the forecast $1955/$54 downside target.
3. A further test/attempt and completion of the $1955/$54 downside target (or lower) remains the normal position for the market into Mon., Sept. 29 (+/-1 day). Will message any new entry in tomorrow’s session (through updated report or Live Messenger) based upon the above.
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.