11/20/2014 – S&P Emini

Dec. S&P 500:

1. In today’s S&P live meeting it was noted that any failure at/near $2052.50 would indicate new short entry for a test/attempt at $2046.00 into today’s late session.

2. Subsequently, the S&P tested $2052.00 (then subsequent session high, $2052.00) and reversed off that level. Late in today’s session the market completed the $2046.00 downside target (swing low, $2047.25) before reversing into the close (today’s daily close, $2050.75). This is a nice example of what can be done with the live messenger window.

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.