S&P 500 Futures Market mirrored the broad market and danced to the tune of Fed Chief Ben Bernanke's testimony before congress. It's impossible to decipher Fed talk into anything meaningful for trading. The charts should be the indicator as to what to do next. The luxury of technical trading is that news events while impactful, really dont change our game plan much. Its not possible to know every bounce in oil prices, or every earnings report, or be ahead of the next scandal, but we can fully know what trading charts say. 


The last 5 sessions have been won by the bulls but we our indicator has not gone into buy yet, nor is there a setup so we will remain flat for the time being. As confusion and frustration in the market increase, our method shines. By excercising patience on entries and using discipline for exits, we have a huge advantage.  This is proven by our healthy profits while suffering modest losses which is the only way to be consistently profitable.