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As you know the mean reversion systems have been very quiet, which is logical given the straight up move the market over the last couple months with really no pullbacks.

That said unfortunately my focus has been on these KISS systems and when I finally looked at these mean reversion systems this evening, several of them triggered. I apologized for not seeing these until  now.  I may issue official trade alerts in the morning, so I'm giving you a heads up

SPY systems:  
Two subsystems triggered: Trend Pullback 1st entry, and QE swing 3 momo 1st entry

ES systems:
3 sub systems triggered: Trend Pullback, Trend MOMO, and Strap

see attached image showing these systems

The MOMO system tend to be very short term only triggering on shallow pullbacks when the 60 length Stochastic is still above 80% while a faster indicator is oversold. 

My plan is to issue these trades tomorrow, but unfortunately we have the Jobs numbers and thus we could see a gap either way.  Because the momo trades are very short term and because we missed the entry I may not issue those. 

Tomorrow if the market is down, then entries are easy. But if we see a big gap up, it's tough to chase.

I may issue trade notifications for these early Friday morning and I'm giving you a heads up now. If you are one who trades ES/MES futures you could obviously enter them at any time as they trade all night

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

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