FOMC Day was extremely noisy.
It was the new Fed Chair Kevin Warsh's first meeting. No rate change but maybe as many as 2 rate hikes by the end of the year to tame inflation. The market assumes that the middle east conflict is the only reason for inflation and once resolved, inflation will drop and therefore, no need for rate hikes.
Its interesting to see the current market environment and how there are constant rallies at the sign of a resolution with Iran. The market has rallied strongly during the conflict so a "relief rally" for final resolution doesn't make sense as the market is near all-time highs.
Market psychology and the "big picture" give us context for our short-term trading programs.
Hypothetical Trading System Signals on 06-17-2026
25 System Portfolio NQ = -$11,800
7 System Portfolio NQ = -$3.055
3 System Portfolio NQ = -$2,045
2 System Portfolio NQ = -$1,805
Stock Index Portfolio 18 = -$6,025
Diversified Portfolio 57 (21 NQ Only) = -$3,005
Silver Portfolio = -$900
50K Portfolio (Micros) = -$1,720 (without Gold and Silver)