Hello everyone and happy Monday, no so much for the market however as the SPX is down 46 points at the moment.
On Friday one of the reversion to mean systems triggered a 1st entry short via the Stochastic 60 short 80% level on ES. Nice trade on that system so far.
again I still receive questions about this: when the systems trigger on ES, I show the trades as MES futures contracts. But, if futures are not in your risk profile, you can simply substitute one of the SPY related ETFs in place of MES futures (SPY,SH,SSO,SDS, UPRO,SPXU), and these ETF's are highly liquid and trade until 8 pm in after hrs and start trading hrs before the cash market opens. The reason why I give trade signals for both SPY and ES is because it gives you more trade opportunities, and you get an averaging effect between the two, that you would not get if you only took the SPY systems signals.
Anyway as far as the open trade, it is not yet looking to exit, here's the stats for this system on ES attached
Matt