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10/11/2014 – S&P Emini

Dec. S&P 500:

1. In Friday’s (Oct. 10) S&P live messenger it was noted that the Dec. S&P (then trading at approximately $1925) would then decline to $1918/$17 profit target.

2. The S&P completed the forecast 8 point decline shortly thereafter, making an intraday swing low at $1915.75 against the $1918/$17 downside target.

3. The recent larger than usual market volatility in the Dec. S&P now often allows for several tradable intraday swings of 8 points or more.

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.