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Live Trading System Signals on August 18, 2022 - E-mini S&P counter trend was the highlight

The 200K Portfolio was down -$2,000 today and the 50K Portfolio was down -$500. Narrow ranges today with very little follow through on long or short trades. Cobra CT III ES 1m was the highlight going low near the low and holding long all day for a nice gain. The countertrend E-mini S&P strategies were the strength today.

We have had 3 losing days in a row after an equity peak on Monday. This puts us in a drawdown alert to add contracts or start trading.

The percentage of winning days are down to 33% as 9 of the last 12 days have been losing days. The strategies were on an extending winning streak hitting 75% of winning day for about 6 days in a row.

The Fed reduced its balance sheet by 30 billion over the past week and has reduced it by 116 billion over the last 4 months. The were adding about that amount per month during QE. It has been a slow run off and slower than the Federal Reserve initially committed. It is heading lower and the pace should pick up. This is the biggest fundamental factor in the market in my opinion.

I am looking forward to Friday's trade.

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