Hello and good morning everyone (well not so much for the market).  I'm sure there'll be more Christmas Tree patterns made today.

Currently ES futures are down 57 points, the were down another 26 points so they were down 83 points at the overnight lows. 

FYI regarding the SPY systems, which have been in cash after taking that nice trade in late November could possibly take a 1st entry long today in SPY should price remain down strongly near the close. As you know the SPY systems made money buying the last dip in the market and have been waiting in the safety of cash.  This is simply an FYI early warning that we could possibly see a new trade today for the SPY system.  

I have the same SPY systems on the ES futures and the same possible trade setup is showing there, so it gives us a look at what the SPY systems may do.  Again, what matters is how prices close.  see SPY systems chart

Matt