10/28/2015 – S&P Emini
December S&P:
1. In today’s (Wednesday, October 27) live messenger window (and earlier Williams edge live meeting) it was noted that the next 2 important upside targets were $2078, then $2084/$85.
2. After today’s Fed interest rate announcement a short position was indicated in the December S&P at approximately $2061/$60 for a test/attempt at $2055/$53. Initial short position exit was taken at/near $2058. However, the market advanced back above critical levels, prompting exit at/near $2076/$77. This resulted in a larger than usual point loss on the overall position.
3. 4 minutes later, our 2:31 CST post indicated that the S&P would now advance from $2077 to $2084/$85. The S&P completed the $2084/$85 target (today’s session high, $2085.25) negating much of the earlier points loss (for those who took advantage of this indication). 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.