Hello everyone and happy Monday. As you know, the market followed through to the downside today from Friday's sell off after losing the uptrend channels on the SPX. 

Otherwise Regarding the reversion to mean systems;

SPY - no longs are triggering at this time on this pullback
ES - as expected that open bear long will be closing today as the momo indicator turned red. Remember guys I said that would exit once that indicator turned red and that it would exit off the highs. The trade was up 500 points at one point. That said it's going to close out with a massive gain regardless

- on ES on a funny note the other bear long system will likely trigger a long today, I've been sharing signals to two versions of the bear long this year Ver 1 and 2, and Ver 2 is what caught that big runner as well as a trade in June both of which were missed by Ver 1. You can see the two bear long systems on the upper left

I'll confirm the trade later today. Remember, even if you don't trade futures you can trade the SPY related ETF's against the ES systems instead.

However, while futures are not for everyone, but if you can fit them into your risk profile, they offer superior tax benefits over ETF's and options if you are trading these in a taxable account as you get the benefit of the 60/40 rule where 60% of your capital gains get taxed at the long term cap gains tax vs the short-term cap gains tax

also with futures - no complicated matching the trades like you have to with stocks where you keep a list in Excel and give to your accountant or use some software - with futures you get a simple 1099 with your gains and lost - one piece of paper - vs giving your accountant a phone book of papers with all our trades like  you do with stocks

Matt