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One of the SPY sub systems is taking a 3rd entry short at the chose. The trade is for $10K SPXU and 3 SPY Put options with a May 20th expiration and 454 strike price. It also appears that one of the ES systems will be taking a 3rd entry - remember ES/MES closing bar doesn't occur until 5 pm EST.

Remember these are reversion to mean systems, they are mutually exclusive to our subjective technical analysis. The market is uptrending here and these are taking some heat. 

Matt 

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

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