Trading Portfolio June 22

Meta Strategy Trading Portfolio – Probability Map Update.

FOMC Introduces Volatility

This week, I take a technical view at the market.

A new FED chair’s first press conference garners a lot of attention – much more than is warranted in my opinion.

History shows that a temporary, negative reaction to the FOMC press conference is completely normal.

In fact, a little event trading strategy with a solid edge can easily be constructed using this pattern.

The S&P 500 chart shows constructive patterns: a higher low within a large bull flag.

Confirmed by a breakout above the flag, this would target substantially higher S&P prices over the coming months.