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Hello everyone, as you know the market is up nicely today.  For over a month now we've held the long trade in the SPY bear long since Dec 7th for the 1st entry, and SSO from the 2nd entry from Dec 16th.  

I'm closing out the trades here manually, remember the system itself exited last month but we made an executive decision to hold the trade manually outside of the system, which in this case was a good call.

we've been in these trades for 33 and 21 days respectively! So those of you who think you can't take these system trades because you work a job - clearly that's the wrong assumption, these systems are not day trades and on average are held about 8 days. One can easily work a busy day job and follow the systems.

Also, as far as the market - over time I am targeting this open gap on the SPX cash, up around the 61.8% Fib at 3970, see chart

also guys, for the 1st entry - for SPY the profit made I accounted for the $1.781 dividend, so in case you are confused by that profit calculation - it includes the dividend 

Matt

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

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