10/21/2014 – S&P Emini

Issued: 10/21/2014

Dec. S&P 500:

1. Yesterday’s (Mon., Oct. 20) Dec. S&P 500 report indicated that yesterday’s $1900 daily close was a very strong position (being above $1892/$93) and indicated further advance to $1904/$05 (initial) then $1925/$27 expected into Tues., Oct. 21 (+ 1 day).

2. Today’s session advanced powerfully, completing both the $1904/$05 and the $1925/$27 final upside profit target (session high, $1928.00, so far). This completes the trade.

3. Any remaining long position can be held for the possibility of higher prices. Will message any further intraday movement in the live messenger window.

David Williams

Issued: 10/17/2014

Dec. S&P 500:

1. Today’s daily close below $1892 in the Dec. S&P is the weaker position (short-term) for a tradable decline and test/attempt at $1838 (or lower) into Tues., Oct. 21 (+/-1 day).

2. Any hourly or especially daily close above $1892 negates the above indication and may prompt new long entry.

3. Will message any new entry based upon the above in Monday’s live session.

David Williams

Issued: 10/20/2014

Dec. S&P 500:

1. Our previous (Fri., Oct. 17) Dec. S&P update indicated that any further test and failure at $1892 would indicate a tradable multi-day decline to $1838 (or lower) into Tuesday, Oct. 21 (+/-1 day).

2. Today’s (Mon., Oct. 20) Globex session tested and failed at $1892 (Globex session high, $1893.50) and reversed strongly and made a session low of $1873.25, so far).

3. Self-directed traders acting on the above information should exit a portion of their short position at current prices (current price $1879). Further short position exit should be taken at/near $1865. Any remaining position should be held for the final target at/near $1838 noted in the original update.

4. A protective buy stop should be placed at $1895.50. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 10/20/2014

Dec. S&P 500:

1. Self-directed traders short the Dec. S&P 500 based upon our Friday, Oct. 17 report (short failure at $1992/$93) exited a portion of their position today (Mon., Oct. 20) at $1879, noted in today’s earlier report.

2. However, today’s Dec. S&P closed the day at $1900, which is well above the critical $1892/$93 shorting territory. This is a much stronger position and, as noted in today’s live messenger indicated new long entry from today’s close (at $1900) to $1904/$05 (initial upside target), then $1925/$27, expected into Tues., Oct. 21 (+1 day).

3. If not already long based upon today’s live messenger indication, further long entry will likely be messaged in tomorrow’s session. Any previous short position should be exited now as higher prices remain likely into Tues./Wed..

David Williams