Hello Everyone, regarding the ES system that took the amazing short entry yesterday. Clearly we got a big reversion to the mean today, however the system did not exit because of the trending indicator that is now red. That said, on most occasions I elect to sell 1/2 of a position after a mean reversion such as today. I didn't do that this time. 

The first image shows the QE 3 - again the version where the momo is turned off on the right you can see that it closed out. The one we are using, on the left continues to hold. One could split the difference and exit 1/2 if they chose

That said - price did close right at an uptrend line on the SPX, see the 2nd image, thus its possible that we could see an oversold bounce today before eventually price crater down again and lose that trendline. 

Again do what fits your risk tolerance and goals. If you took the trade, you have nice gains and if you felt better covering 1/2 here to lock in some nice gains, do what fits you. 

For the website I'm following the system for now.

Matt