11/24/2014 – S&P (Intraday Trade)
Dec. S&P:
1. In yesterday’s (Mon., Nov. 24) live messenger window and live meeting it was noted that the S&P was expected to fail at $2068/$69 then decline into a 4th hour bottom at/near $2063/$62. The market was then expected to reverse and ascend back to the $2069.00 level from there.
2. Yesterday’s early session did fail at $2069.00 and in the 4th hour made the session low at $2064 against the forecast $2063/$62 downside target. The market reversed off $2064 and completed the forecast $2069 upside target, completing the two-step roadmap.
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.