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Good morning and happy Wednesday, first off nice short so from from that ES system yesterday, I hope most of you elected to take that via either ES/MES or SH ETF.

 That said, it's not likely to close out today, at minimum it needs at close below the 5 day SMA, which is still like 50 points away. I bring that up because unless price falls another 50 points today, it won't close out. Tomorrow the 5 SMA should move up and be MUCH closer to price - my guess is price may close below the 5 SMA tomorrow. 

again I show you this information in case you felt like locking in some gains now today because SPX 60 points and you are happy with that move - the system won't be exiting today unless we outright crash in the afternoon

Matt

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

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