Good afternoon everyone, as you know the market has been selling off this week strongly, especially following the FOMC. The SPY Pro high probability systems have been in the safety of cash during this time. However today with the market sell off, two of the sub systems are going long via 1st entries (Strap and Trend systems).  The Strap sub system has very strong statistics with a historical trades of 93.25% winners and 74 total trades since 1995. However the Strap tends to be a very quick trade, lasting on average 3 - 5 days only. 

The Trend Trade has good statistics, however out of all the sub systems it has the potential for most draw down, so keep that in mind, there are quite a few situations in the past where it took 3 entries.  

For trades today we are 1st entry long trades for both sub systems:

For Strap Long:
-  Long 34 shares of SPY ETF ($10K)
- option: long one contract, Sept 20th 265 strike price

For Trend Long
-  Long 34 shares of SPY ETF ($10K)
- option: long one contract, Oct 18th 259 strike price

Note options trade until 4:15, so you have 15 min after the close to enter them

For the ETF you have up to 4 hrs as ETF trades until 8 pm in after hrs market

enjoy the rest of your Friday and have a good weekend. I'll update the website trades later today and I will be doing the weekend newsletter 

Matt