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Trading System Signals on February 16, 2022 - Wide Ranging Reversals and Spikes on FOMC

50K Portfolio, 1 Micro SI 40 (LIVE) = -$575

200K Portfolio, 2 Micro SI 40 (LIVE) = -$1,150

(Based on open positions that can change by the close)

50K Portfolio OLD (Hypothetical) = +$2,712.50

200K Portfolio OLD (Hypothetical) = +$1,237.50

*Stocks close at 3pm CST but futures trade until 4pm CST.

The markets continue to be sloppy with wide range reversals and spiky price action.

There were 17 Zig Zag Reversals today in the E-mini Nasdaq futures day session.

We ended last week with 4 winning days in a row. We are down the first 3 days this week. FOMC minutes today, generated a be-labored rally that looked really unstable. The price action continues to look like a market that is being dragged higher against its will in order to meet an agenda.

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