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As you know the Stoch 60/80% went short on Friday, has obviously been a good trade.  I elected to take off 1/2 yesterday outside of the system, with today's move would have been better to just keep it all on. That said, when I looked at the exit conditions the system was looking for yesterday, HAD the market rallied from today instead of selling off and if that rally took the ES up to another high, the system could have gotten caught in the short where it wouldn't exit until at new highs. Therefore I thought it made sense to take 1/2 off yesterday to reduce that risk and lock in some nice gains, but still have a position on so that we can capture more downside move as well.

Otherwise, the system is unlikely to close out today (unless the SPX falls another 50 points intra day (which is obviously possible), my guess would be that the trade will close out tomorrow, but I'll let you know either way

Matt

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