10/27/2017 – S&P Emini
December S&P:
1. In Tuesdays (10/24) Williams edge live meeting it was noted that Monday, 10/23 was an important daily top for decline into Friday, October 27 (+/-1 day) at $2552/$50 and a possible retest of $2543/$42.
2. Subsequently, the December S&P declined sharply and completed both the $2552/$50 downside target and the (less likely) $2543/$42 secondary target. These targets were completed earlier than the original date of Friday, October 27 +/-1 day but represented an important downside completion nonetheless. Will message any further entry or indication in the December S&P.
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.