Trading System Signals on June 7, 2022 - Market is Still in Holiday Mode

The results for todays trades are below.

When we look at the daily charts, the market appears to still be in holiday mode with seven days in a row of range bound trading.

50K Portfolio 1 Micro SI 25 (LIVE) = +$150

200K Portfolio 6 Micro SI 25 (LIVE) = +$875

2 out of 2 S&P strategies were profitable

3 out of 7 Nasdaq strategies were profitable

5 out of 9 of our strategies were profitable today.

Memorial Day was on May 31st. It feels like 7 days in a row of holiday trade when we look at the daily charts. It feels like holiday mode intra-day as well as the market has been sloppy with no follow through in either direction.

The market gapped down today on Target earnings and it looked like there would be a breakout to the downside. The prop up price action brought the market right back into its multi-day ranges.

One of the things Wall Street knows is that if they can slow down the bear market, clients aren't as likely to move to cash as quickly as they would if the market had continuous sharp sell offs.