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10/25/2016 – S&P Emini

December S&P:

1. In today’s (Tuesday, October 25) Williams edge live meeting it was noted that the December S&P was expected to test $2132 into Wednesday, October 26. Today’s post market Globex session (which will print as tomorrow’s Wednesday, October 26 daily bar) completed the forecast $2132 downside target (Globex session low, $2131.75, so far).

2. However, today’s (Tuesday, October 25) daily close at $2136.75 places the market into a ‘crash’ position. While this position does not outright forecast a market crash, it is a position from which fast sharp declines have occurred. Therefore, this must be viewed as a cautionary signal.

Longer-term, the market continues to react on the upside to the recent forecast weekly bottom of October 17 (+/-1 week). If the December S&P continues to remain firm, further long entry will be indicated in a update with the potential for substantially higher prices.

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.