Hello Everyone and I hope you are having a great weekend! I'll be doing the weekend newsletter and video shortly, however here's a few charts in the meantime.

The first 2 charts show 15 min and 60 min charts of the SPX that I favor at the moment: We had a nice  rally on Friday and then a pullback after mid day into the  close. I favor this as some sort of ABC, with an A move up, B pullback started on Friday, and this week looking for a C move up to the 61.8 Fib or higher. Realize that area where price broke down from will be stiff resistance!

Secondly regarding the trading systems, mean reversion systems. As you know several mean reversion systems scaled into SPY and MES futures last week, and we got that nice rally on Friday.  None of the mean reversion systems closed out on Friday, even the CCI system that tends to be quite aggressive on exits.  Also, on a side note another one the mean reversion systems triggered long on Friday (the Strap Long for SPY). I actually missed this on Friday, which is why I didn't send it out. However, since quite a few systems are long already I doubt most of you mind.  I've attached the system stats for the Strap in case you were curious.

Thirdly: A lot of the volatility systems triggered on Friday for QQQ, IWM, DIA, GS, IBM.  

Matt