:15 chart

NFLX aftermarket at 406 at 4:41 which was last seen May of 2020 well over a year and a half ago.  No buy and hold for my account.

VIX is uncorrelated again at -.52 and VVIX is 110.85  will see how the day plays out.

VVIX now at 109.16

VVIX closed at 109.90 it will be interesting to see when it move back above 110 the VOMMA  zone and how  the market will react.

Matt is the SPY short trade still one, as the post has dropped out?

Matt, I appreciate all you do with the SPY PRO SYS!!  These are very unusual times and no system can get it right all the time. Overall the SPY PRO has done a great job in reversion to mean trades.  I can understand why it is hard on you lately but you are not the market and we all understand the risk and if we don't we should not trade it. Please keep the SPY PRO.

I am so sorry to hear of your loss Steve. You and your family our in my thoughts and prayers. Take the time your family needs.

Thanks for the SPY stats with draw downs and your comments in the newsletter. It all is very helpful.  You have given more info to back the great system you have even with the draw downs.  Thanks again.

Great newsletter,  at 9:04pm central time future are up S&P +27

Sorry for the huge post. The drop upload didn't work for me.

Here are some stats on the S&P500 on a monthly chart and the lower Bollinger Band as a target when a >10% correction happens in less than 2 months or in a few weeks like just happened since 1982.  As you can see there can be quite a wide variance in a target however percentage wise with the average error factored in it gets you in the ballpark.  Thankfully this has happened only 12 times in 38 years.  In FEB 2020 at one time the S&P500 monthly candle was  greater than 50 point above the upper Bollinger Band a clear sign that a consolidation at a minimum was at hand. Funny on how a 50 point (1.5%) gain was a great day for the market, just a little perspective.

Thank you for your work and staying calm in the middle of a storm. No  one likes the past week of carnage and you both have been honest about the condition of the market. I like the SYS PRO SYM even with the current draw down I am experiencing. Keep it as is. There is no HOLY GRAIL and if this is  the 5% that it maybe does not work so well so be it, however the trades are still open and no one knows the future.  That is why you trade the plan.

The chart settings and chart legend show the standard setting of 20day moving average and standard deviation of 2

Nicely said.  BPT is a great website and teaches you to trade.  The SPY system  is what brought me here and all the education is a big plus.  Thank you Matt and Steve for all you do.  I do trade and listen and rarely post. If someone can't afford $50/mo for this information and the SPY system they don't have enough money to trade in the first place. Yes I work a full time job and it requires constant travel.  Keep up the good work.

Sorry the last part got cut off. The 1989 and 1990 daily chart showed a trend line or support broken well ahead of the major selling.  Most all major selling has warnings on the daily chart for 3-8 days. The real questions is, will I or anyone else heed the warnings? Matt and Steve where not bullish Monday,  Tuesday or Wednesday but rather cautious, I think because that is what the chart and not emotions or predicting, showed.  I believe Matt and Steve are professional and good teachers of the market.

Yes a weekly chart does however look at the daily chart and 4 ma configuration there were 5 to 8 days of outside the upward trend and outside of a wedge pattern for the 1987 chart.  1989

Hi Matt, I have been with BPT since last summer.  Great service of education and trade ideas and SPY system and yes I did get imploded with XIV in about 5% of my money. That is my responsibility as every trade is. Both you and Steve are and were very profesional and of character over the XIV.  If I remember correctly a member traded XIV on his own modified SPY PRO system and shared that with you, then you are the one who looked at it and then added it and took responsibility although it was not your idea to start with.  That is character and responsibility and not a politician.  The SPY PRO is your system that you offer. Thanks for your work and help (Steve too). Stay focused on what you offer and it seems that a few are trying to let their tails wag Break point. Stay the course.

John,  Place a conditional order, order triggers order as it is called at Fidelity.  Place a buy order with a condition "stop price" at the trigger price (meaning it won't buy unless the price moves up to that price). On the same order you place another order that only is triggered or comes into play if the first order is filled, on this order you place a sell order with a stop price. It could be a trailing stop as well so if it goes up and reverses during the day you could lock in some gains.