Hello all, it's been a wild week and today the market had a nice snap back rally from oversold conditions.
Regarding the reversion to mean systems:
The bear long that triggered on SPY and ES - is exiting on ES, it's holding for SPY. We are going to exit the ES long positions from the bear long.
Systems that are holding: SPY Bear Long, SPY QE 3.2 Exhaustion, and ES Bear Exhaustion.
Just to be safe and because this market is still really dangerous, we're going to exit 1/2 of the SPY QE 3.2 here in after hrs and 1/2 of the ES Bear Exhaust. Plus those two systems are up nicely because they first entered on Monday. I'll update the trade tables shortly but here's the table showing systems.