11/19/2015 – S&P Emini
- November 19, 2015
- S&P Emini
December S&P:
1. In yesterday’s (Thursday, November 19) 9:53 CST post (and our Williams edge live meeting) was noted that an hourly close below $2081 would send prices lower to test $2074/$73.
2. Subsequently, the market failed at $2081 and attempted the $2074/$73 downside target (swing low, $2075.25). Being unable to fully complete the $2074/$73 downside target indicated internal strength which is reflected in today’s substantially higher prices. 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.