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Good morning everyone and happy Monday!

As you may have seen this morning if you didn't see my alert from last night, the RSI 40 long system, that had 2 open long positions on ES exited on Friday, but I had sent the alert around 9:30 on Sunday night EST where many/most may not have seen that. If you are in still in that system trade, ES futures are not up 21 points over Friday's close, therefore you an exit far better than the system. If you had bought SPY and SSO ETF's in place of MES futures, you can exit those too now for nicely higher prices. 

We still have 2 positions open long systems on the SPY bear long long system. And one entry short on the Stoch Reversal system on ES (however that system may be close to stopping out if the market doesn't pullback soon).

Also as an early FYI I'm seeing that the QE system is possibly looking to take a 1st entry short today on ES/MES - but again, the ES bar does not close and confirm until 5 pm EST so obviously futures could be much higher or lower by that time - if it's still triggering a 1st entry short by then, I'll notify you

On a side note - the 22 systems managed to capture over 4200 ES/MES points since January 1st of last year! That's damn impressive and took a total of 67 trades.

Matt

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

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