Hello everyone and happy Friday. Nice follow through on the markets. Anyway, if you follow our SPY systems and ES reversion to mean systems they are doing well now with today's move. The SPY call options we purchased on Wednesday for $28.75 are now trading around $37. 

Here's a big update to the SPY and ES systems that I just posted on the Trading Community:  https://breakpointtrades.com/blog/post/359833/

1. regarding the ES systems - We have one sub system that is long, the Trend/Pullback has 3 entries - that system at this moment is looking to exit by the close (should prices stay up. ES stops trading at 5 pm EST and will be confirmed at that time

2. SPY systems: We have two sub systems in long trades: Trend/Pullback in 2 entries and QE 3.2 in one entry.  The QE 3.2 and Trend are also looking to exit at this moment. I may elect to keep a partial based on version that will not be exiting. Remember we use two versions here, the aggressive exit version and the original. I may elect to sell 1/2 and keep 1/2 with a stop at the lows

I will send an update late in the day. And remember the ES daily bar does not close until 5 pm EST, an hr after the cash market. The trade will be confirmed near that time.

Matt