Good morning everyone, regarding the SPY systems, as you know we one one open long trade via the QE BTS. Should the market go lower, it's possible we could start to see one of  the other hard to trigger systems taking an entry. These are reversion to mean systems, they buy into fear and weakness like this, it's clearly not fun, but statistically they have high odds.

Anyway, regarding the 2nd entry as you know we had only purchased the ETF portion, but not the option portion. Therefore since prices quite a bit lower (better price for the system), we are taking the 2nd entry option trade today. 

- 2 SPY call options with the same Mar 18th expiration date with a 436 strike price

I thought about trying to time this alert intra day, however I expect things to be fast and volatile. Also, prices are already much better than where the system would have entered so easier for me to simply send out now.  You should do what is best for you and fits your style.

here's the SPX daily, you could monitor the 200 day MA and those gaps

https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=7&dy=0&id=p16418645508&a=505896579&listNum=61&annotate=true 

Matt