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I hope everyone had a nice weekend!  As the title states, the ES Ttrend/Pullback system, which went long last week on Monday is going to exit today for a very nice trade! Remember the SPY system version of this system did not go long but the ES version did. Why? That's how systems are, slight variations between the instruments can cause the system to trigger on one instrument and not the other at times, however most of the time both of the instruments would take the same trade, this was simply one of those times when the ES caught a trade that the SPY system did not. 

I'm simply following up because I alerted everyone in real time on Monday that the ES Trend /Pullback system would be taking a long on Monday. Normally I don't community the ES system trade signals (only the SPY system trade signals) but I made an exception this time since I thought the ES trade had chance to be a good trade. Next year I may consider sharing the ES system signals along with the SPY system trade signals. Anyway I know a few of you took this trade not on ES but on UPRO or some other ETF, congrats to you if you did!

the attached image shows the 9 long sub systems on the one ES chart, along with the separate Trend system on a separate chart

have a great day.

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

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