12/29/2015 – S&P (Intraday Trade)

March S&P:

1. Our previous S&P forecast indicated that any hourly or larger close above $2055 would indicate a test/attempt at $2063/$64. The market attempted the advance on December 24 but was unable to close a 120 minute chart above $2055.

2. Subsequently, the March S&P declined and today’s Globex session closed the 120 minute above $2055 and completed the original forecast advance to $2063/$64 (today’s session high, $2069, so far). Due to the tricky behavior the market showed in completing this forecast, substantially higher prices remain possible for the current advance. 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.