Hello everyone, regarding the open sub systems: Stoch Short on ES and SPY bear long. Obviously wild wild action today. Regarding the SPY bear long, I'm leaving that open, though certainly congrats to those of you who may have elected to take some profits this morning on that monster gap. 

As far as the Stoch Short on ES that is still open. Some of you may have been stopped out in the morning after the CPI news event, while some of you are still in the trade etc.  I'm going to close the position on the website. For those who wish to stay in the trade, just make sure to set  stop in place.  

Technically the market is very thin and algo controlled these days. Otherwise today's move, while not a positive for the 'bulls' certainly did not rule out that the uptrend off the Oct lows is over, not until price loses that 3900 shelf support.

Matt