10/19/2015 – S&P Emini

December S&P:

1. In Friday’s (October 16) Williams edge live meeting it was noted that the December S&P (then trading at approximately $2018) was likely to test both $2015 on Friday, October 16 and then a test/attempt at $2011/$10 into Monday, October 19.

2. Subsequently, the market completed the $2015 downside target and later on Friday attempted the $2011/$10 downside target as well (Friday’s session low, $2012.25).

3. (Today (Monday, October 19) the possibility remains for a completion of the $2010/$11 downside target. However, Friday’s test of $2012.25 may have been all the market could do on the downside. If so, this would indicate internal strength and substantially higher prices later this week, including, $2030/$31 and $2038/$40 (or higher) also noted in Friday’s meeting. 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.