This is an alert about BPT Mechanical Systems:

Good morning and happy Friday.   As you know our Market Exhaustion mean reversion short has been open for both the SPY ETF and MES futures for 1st and  2nd entries, and with the move this morning and overnight in futures, the MES short is now meeting the initial target as it is below the 19-day MA. The system is a bar close system, it will not close until the bar closes below the 19 day MA, however I'm alerting you because if you felt the need to reduce some exposure and take off a contract or two you could.   For the website I'm going to cover 1 MES contract.  

Remember per my my recent discussions, the S&P 500 has traded above the 20 day MA for over 64 days, this is the 2nd longest in history, so it was truly an rare exhaustion move.

Matt

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