11/15/2015 – S&P Emini
December S&P:
1. In Friday’s (November 13) Williams edge live S&P meeting it was noted that the next important level on the downside was $2020/$19. It was indicated that any hourly or daily close below that level would indicate a further decline and test/attempt at $2007/$04 into early next week (week of November 16)..
2. Subsequently, the December S&P closed both hourly ($2018) and daily ($2013) below $2020/$19 indicating new lower prices and potential new short entry. Today’s (Sunday, November 15) Globex session opened lower and completed the $2007/$04 downside target (today’s session low, $1990.50, so far). This successfully completes the forecast/trade. Will message any new 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.