Holy cow, it was a brutal day again on the US markets.

The Fed was speaking (not the main dude but  some other people around the outside edges of the real FOMC). 

What happened was the market moved up very slightly, then just became choppy as heck as we had that usual three to four hour wait when nothing happens before the FOMC actually speaks.   After they started to speak, that was it.  Goodnight, arrivederci Roma.

The markets just dumped and continued dumping they went right through our support levels, and continued even accelerating the speed of their decline until ending up resting right on our low predicted level for the day.

It ended right on the predicted low for the day.

We thought it would be a down day, then we thought it would be an up day then we thought it'd be a down day.

And so really, we were right on every occasion but kind of wrong as well.   Luckily Inteligex got almost all the calls right.

That's what happens in these markets. They're super choppy. They're not just influenced by people buying or selling stocks.

They're being influenced by geopolitical events, like we are seeing in the Ukraine. For at least the next few days.

This is definitely going to continue in our opinion.

This could be brutal, take care, the market conditions are awful and it's time to really take stock be super patient. Watch the signals. If you see in our summary video below. The signals are working. They continue to work they've worked in all market conditions.

The one thing you have to take care of is to watch the VIX.  The VIX today to nearly 28 And that's a brutal level for private traders.

It means any bounce can be huge, choppy, fast and cost you a fortune.

Take care out there guys. It's gonna be rough for a few days. Monday, thankfully, is Presidents Day, so we've all got a day off - hooray!