11/06/2014 – S&P Emini
Issued: 11/06/2014
Dec. S&P 500:
1. In recent Williams edge live meetings it was noted that the S&P would likely test $2032 (and, possibly, $2052) into the week of Nov. 10 (+/-1 week).
2. Once the completion of $2032 occurs, a weekly close above $2032 is the stronger position, below $2032 the weaker position.
3. As noted in the meetings, the current week (week of Nov. 3) is the ‘on time’ week for a weekly top. This top may extend into the week of Nov. 10 which is the ‘one week late’ time period for the top. Will update.
David Williams
Issued: 11/07/2014
Dec. S&P 500:
1. In yesterday’s (Thurs., Nov. 6) Williams edge S&P meeting (and in our Live Messenger window) it was forecast that any hourly close above $2022 in the Dec. S&P should be bought for a tradable advance to $2032 profit target expected to complete late yesterday/early today (Fri., Nov. 7).
2. Yesterday’s 4th hour closed at $2023.75 (above $2022) indicating iimmediate new long entry. Today, the Dec. S&P continued on the advance and completed the forecast $2032 upside target (today’s session high $2033.50, so far). This completes the trade.
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.