12/11/2014 – S&P (Intraday Trade)
Dec. S&P:
1. In today’s Live messenger window the Dec. S&P was forecast to find strong resistance at $2049 for a tradable decline to $2044/$43.
2. Subsequently, the S&P declined from today’s session high of $2049.50 down to $2043.00 completing the forecast/trade.
3. Later as the market continued lower, a further update indicated that with the market at $2036.50 a further tradable decline to $2032/$31 was likely.
4. Subsequently, the S&P declined from $236.50 to $231.00 (and lower) completing the forecas/trade.
5. Today’s daily close below $2026 was unusual and may be related to contract rollover. Under more normal conditions, closing below $2026 is the weaker position which could be an early indication for substantially lower prices coming. Will update.
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.