Matt, could you let us know if the SPY or ES system adds to the short? Thanks

We are also very close to exdiv on most of the index ETFs. Guessing that could have some effect.

I'm watching too; I see the full gap fill at 409.5

Seems like aerospace and defense ready to make another run? Picture perfect gap fill and possible cup and handle. 

Interesting with the move up put/call also going up

Thanks for the update, Matt! 

I'm a big believer in these systems and have definitely benefited from the SPY systems over the years. Thanks for putting this table here for us to play with and plug numbers, etc. 

I am a conservative investor so I don't participate in the options part (its a time thing in my mind)- just me, I know statistics don't support my thinking there.  I do use the double, triple ETFs and use more than the suggested 10K. Its been a nice way to add to performance. 

Now I am intrigued by the ES system but don't have any idea where to start to trade this. I think only certain  brokers offer? Is there any one area to go to to get educated on this? 

Yes, I agree, that looks like gap resistance

Nice, I hope you made some $$ off of it! 

I see it, nice!

SPY wedge forming on 5 mins? 

That's where the nominal new low comes in.  Are you thinking it will be hard to rally after that? 

I'm gonna freak out if this scenario you laid out in the newsletter last night actually happens....so far you are spot on! 

Thank you....couldn't help myself, I took profits on a trailing stop but holding since the ascending triangle break in December so really nice gain. I'll try to re-enter if we get a decent pullback from these  highs or a consolidation. 

Wow....LMT....and exdiv too

Just to note, LMT goes exdiv on Monday

Keep us posted if the SPY system shows any new 1st or 2nd entries on any subsystems with this move lower. 

Oh thanks for the info on the tax benefits. Your right, probably just a loophole yet to be discovered. Need all the help we can get! Mums the word...

I was hoping for a "drop and pop" on the "doom and gloom" news and looks like we are getting it (for now)!  

This space has always been so foreign to me and I wouldn't know how to start. Is there a good educational piece on trading the ES micro contract? And why tax free?