12/16/2014 – S&P Emini
March S&P:
1. In today’s (Tues., Dec. 16) live meeting it was noted that the March S&P was getting above important levels ($1995) indicating the possibility of higher prices, including a test/attempt at $2017/$18.
2. The market moved higher, making a session high of $2011.25 before reversing. Our live messenger window indicated that any hourly close below $1992 would indicate further tradable decline to $1969/$68.
3. The following hour closed below $1992 (triggering new short entry) and the market continued lower to the forecast $1969/$68 downside target. This is an important development and further confirms the larger monthly top forecast for Dec. 2014 is in. Will message any further entry or indication in the March 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.