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Good afternoon everyone. As you know one of the SPY systems took a 1st entry short trade yesterday, the QE 3. Currently the SPX is down 51 points, so at the moment it's a great trade.

Anyway FYI this system may in fact close out today should the market remain at current levels ore below. It would be a 1 day trade but a nice one day trade. There's been 27 trade signals this year for the SPY systems and 23 for the ES systems.

I'll let you know near the close if this trade is going to confirm closing out

Matt

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

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