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10/01/2014 – S&P Emini

Dec. S&P 500:

1. In today’s (Wed., Oct. 1) Williams edge live meeting (and live messenger window) it was noted that if the intraday bounce underway at that time could not reach $1959 the Dec. S&P could be shorted for an 18 point decline to $1941/$39 (or lower). The subsequent swing high was $1957.25, which was below $1959.00.

2. The Dec. S&P declined sharply off the $1957.25 intraday swing high and completed the $1941/$39 downside target (and lower). Today’s session low was $1933.75. Lower prices remain likely prior to the ending of the current weekly decline. Will update

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.