Hello Everyone, There's not going to be a regular newsletter tonight.  I had oral surgery today and it ended up hitting me harder than I thought, plus I can't talk well LOL, so tonight we're just gonna keep it brief. 

Today the market gapped down, and then traded mostly sideways for the rest of the day.  The S&P 500 lost -26 points or -2.4%, while the QQQ lost -0.45%. The Dow Jones, which has held up all week (old economy value) lost -0.3%, while IWM small caps gained 0.25%. For the week, the S&P 500 is down -1.25%, while the QQQ's are down -2.4%; big cap tech has taken it the brunt of the sell off this week.

Today was the 5th consecutive down down for the S&P 500.  None of the mean reversion SPY / MES systems have triggered any longs yet on this pullback.

However, on the daily KISS systems of SPY and QQQ, these took a mean reversion entry DS trade, see the 2nd and 3rd charts.

It's possible that we have started the major wave 4 pullback on the SPX, first attached chart, but still too early to confirm.

I've also attached charts of XLK, TNX 10 Year, XLE, OXY, UNH

I'll be back at it tomorrow 

have a good night

Matt