11/10/2015 – S&P (Intraday Trade)
- November 10, 2015
- S&P (Intraday Trade)
December S&P:
1. In yesterday’s (Tuesday, November 10) Williams edge live meeting it was noted that the December S&P was expected to test and close hourly above $2067 (and worst-case $2064/$63 noted recently) then advance to $2078 later in the session, then $2086/$87 into today’s (Wednesday, November 11) early session.
2. Subsequently, the lowest hourly closes $2066.50 and the December S&P reversed higher and completed the $2078 upside target, prompting initial long position exit.
3. Today (Wednesday, November 11) Globex (overnight) session continued the advance and completed the $2086/$87 final upside target (today’s Globex session high, $2087.25, so far). This successfully completes the forecast/trade. 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.