As mentioned, shorted in extended market hours at 15.06 SPXS. Very small loss.

Yes, but you have to put your stop somewhere. Mine was above the halfway point.

Got taken out, and now of course it's going lower. But not a bad trade considering the loss was very small.

SPY has traded just short of halfway up yesterday's down candle (in extended hours). Nice r/r spot for a short, which I did short. Past the halfway point and I'm out.

Man, I closed my put too early! Should have taken 2 puts and then closed 1/2.

I had an order in, it looked like a bear flag on the 60 min chart, but didn't turn out that way.

That's not what I'm seeing, at least on Matt's daily VIX chart. Are you looking at an intraday chart? 

Next week is one of the seven "Nasty Weeks." I'm going to be very circumspect regarding taking longs.

Steve/Matt, re: supply, now that we're below yesterday's low. Would you ID supply (i.e. resistance) as 4337.xx to 4348.xx? I.e., the high and then low that occurred yesterday in the first 30 min of trading.

Right. Unfortunately for me I wasn't home until after the drop was well underway.

If it's a WXY, price would now drop to a lower low (<4216), right?

Or it could make a lower low to complete a larger 5 down, with these last 3 days being wave 4.

Matt, I don't understand the 2nd paragraph on the mean reversion systems note you just emailed out.  I.e., "a trend/hold condition triggered on the QE BTS and RSI Oversold systems, which WILL NOT HAVE (my emphasis) those systems holding beyond a simple mean-reversion." Wouldn't the triggered trend/hold condition mean they WILL hold beyond simple mean reversion? 

Matt, today is the 10th trading day that the first SPY system trade (on Sept 18) has been open. How does that compare to the average period, do you know? I'm asking because if we have a lower low (like tagging the 200dma) I may take a call with a tight stop, and I am not yet sure how far out I'll go.

Matt or Steve, would you pls comment on the pattern that I see on HYG:  "M" topping pattern, with July 13 and Sept 1 being the left and right shoulders of the "M." Is it not true that once the middle dip of the M is breached, you shouldn't see price go back above it, or much above it? If so, and if the pattern plays out, price should drop pretty quickly here, maybe after testing and failing at the 9ema - ? 

IYT - morning star pattern on daily chart. A lot of resistance overhead, w/ various moving averages.

GDX filled the gap and reversed.

That seems like a good trade. What strike did you buy? Why October, vs. November.

GDX has a gap to fill down to 26.72. Holding a put from yesterday, will close on the gap fill.

Thx