12/16/2015 – S&P (Intraday Trade)

March S&P:

1. In today’s (Wednesday, December 16) live messenger window session new long entry was indicated at approximately $2050 for a test/attempt at $2056. An initial hourly close below $2046 would negate the indication.

2. The market subsequent made a swing high of $2052.25 and closed the hour at $2045 prompting our exit which resulted in a loss on the position (approximately 5 points).

3. After the Fed interest rate announcement the market began to advance which prompted our second attempt at the $2056 upside target with entry at approximately $2051.50/$52. Partial long positions exits were taken at $2054 and the subsequent swing high was $2055.75, completing the $2056.00 target. This successfully completes the forecast/trade. 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.