Good morning: regarding the open mean reversion systems, the SPY QE BTS is set to exit on the open. I always forget that this system exits the next day on the open and NOT at the close.

that said for the website I'm going to keep the position for now with a stop below the 61.8% Fib retracement from the Oct 23 lows to yesterday's highs below 420.48. Steve and I for now are favoring the market to sell off to new lows but for this bounce to last a bit longer, so the plan is to try and sell at a bit higher prices hopefully. Again in the future once the mean reversion move occurs, we'll be exiting 1/2 of the mean reversion positions even if a trend hold condition gets triggered, just to be safe.

Your options are:

1. go ahead and exit like the system on the open

2. keep the position like I am with a stop exit plan

3. Yet another option would be to exit 1/2 here and the other half at a stop or hopefully a bit higher prices in the coming days