Hello everyone and happy Tuesday (not for the market so far). 

Anyway, with the down market today the SPY Trend/Pullback sub system is looking to take a 2nd entry long at the close should prices stay down today below 429. The Trade will be for $10K of SSO ETF and 2 SPY call options with a an expiration of May 20th. I generally target a 0.6 delta, however I cannot give the strike price until near the close because of how fast prices move lately currently monitoring 414 strike

IMPORTANT - I will post the final trade on the Trading Community Blog the last few min of the day instead of emailing it out

Also regarding the ES systems, I'm also sending trade notifications out for those. However, case in point ES can and will trade on holiday's when the SPY cash market is closed. One of the ES systems took a 2nd entry long YESTERDAY. That's important because SPY and SPY option market was closed on Monday. Therefore, just to make things as simple as possible, I will track the ES system trades to the MES micro contract instead. I made a detailed post on this subject this morning, Click the first URL below and read my post. Remember, I'm going to be sharing both SPY and ES sub system trades. In fact I already added the ES system trades to the SPY systems section

- CLICK HERE to read my post about the ES system trades

- CLICK HERE to view the live system trades

Matt