10/30/2015 – S&P (Intraday Trade)

December S&P:

1. Today’s (Friday, October 30) 8:48 and 1:51 CST live messenger post (and Williams edge S&P meeting) it was noted that the December S&P was expected to decline to $2075 into mid day and test $2071 into Monday’s November 2 session.

2. This prompted new short entry at $2081/$80. Partial short position exit was taken at $2078. However, the market advanced and hit our $2083 protective stop, resulting in a near breakeven on the trade.

3. By mid day the S&P had advanced to new highs on the session at $2088.25. This was an unusual move according to the forecast. However, the market reversed lower and completed the $2075 downside target (somewhat later than expected) and Monday’s $2071 downside target, as well (session low, $2069.75). 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.