10/23/2014 – S&P Emini

Issued: 10/23/2014

Dec. S&P 500:

1. In yesterday’s Williams edge live meeting and in our live messenger window it was noted that the Dec. S&P was likely to test/attempt $1953/$54 prior to the completion of the Thurs., Oct. 23 (+/-1 day) reflected wave daily top.

2. Therefore, it is likely that between today (Thurs., Oct. 23) and tomorrow (Fri., Oct. 24) the S&P will test/attempt $1953/$54. While aggressive may already be long based on yesterday’s live messenger updates, a more conservative entry would be upon any hourly close above $1941 in today’s/Friday’s session.

3. Partial long position exit should be taken at/near $1947, with further exit at $1953/$54. Any remaining position can be held for a trend following exit. Will update.

David Williams

Issued: 10/23/2014

Dec. S&P 500:

1. In yesterday’s (Wed., Oct. 22) Williams edge live meeting and in our live messenger window it was noted that the Dec. S&P was likely to test/attempt $1953/$54 prior to the completion of the Thurs., Oct. 23 (+/-1 day) reflected wave daily top.

2. In today’s (Thurs., Oct. 23) Dec. S&P live messenger it was noted that if not already long, new long entry could be taken upon a confirmed break above $1941 for the forecast advance to $1953/$54.

3. Today’s early session broke above $1941 and completed the $1953/$54 upside target (session high, $1956.25). This completes the intended trade.

4. Today’s powerful advance represents an important upside completion and occurs on the on-time day for the expected Thurs., Oct. 23 daily market top. Will update.

David Williams