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Hello everyone and I hope you've had a good Friday so far.

Quick update on the 21 reversion to the mean systems that we send out trade notifications to for SPY and ES.

As you know on ES the bear long sub system triggered a 1st entry long on Wednesday, which I sent a trade notification for. On the website I show the trade via MES futures, however if you don't trade futures remember that you can trade any SPX related instrument such as the ETF's SPY, SSO, UPRO etc.  You can still take advantage of the ES trade signals.

The first image below shows the bear long sub system, you can the trade entry on Wednesday, as well as the two previous times this sub system took trades. It was a nice day for the market with ES futures closing up 73 points!  The system is going to continue to hold this trade long, it is not exiting at this time. When this system decides to exit I will alert you via a trade notification as I currently do for all 21 of the systems for both SPY and ES

For the SPY systems we are still tracking that RSI 40 sub system, which took a long trade the previous week

So for there have been 60 trade signals for both the SPY and ES systems for this year. I'm also slowing working on an ETF basket that I would like to add in to the mix, ideally 10 ETF's that would use these 21 sub systems that I would send out trade notifications for. 

have a great weekend!

Matt

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

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