12/01/2016 – S&P Emini
- December 1, 2016
- S&P Emini
December S&P:
1. Since Monday, November 28 (and in later sessions) it was noted that continued hourly and especially a daily close below $2208 would indicate a decline and test of $2182/$80 into Wednesday, November 30 (+/-1 day).
2. Subsequently, the December S&P failed at $2208 and today (Friday, December 2) completed the majority of the $2182/$80 downside target (today’s session low, $2184.25, so far). The market required an extra trading day to (nearly) complete the forecast decline. 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.