This is an alert about BPT Mechanical Systems:

As you know, quite the rug pull today in the market with the SPX down almost -80 points on the FOMC. 

This triggered one of the short-term mean reversion systems (QE MOMO) to take a 1st entry long on the SPY ETF and MES futures).  For the website I'll update and add the trades to the mean reversion systems section this evening using current prices here in the after hrs market. SPY trades until 8 pm, and MES trades all night. 

Also, because this is the same system triggering on both, I'll doing 1/2 size on each for the website ($10K for SPY instead of $20K, and 1 MESH24 contract instead of the default 2 contracts)

These are very short term systems, a few days, will exit if we bounce up for a day or so. The have high winning percentage and good profit facator, but like any mean reversion can at times buy too early when a downtrend is beginning.

Matt

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