Hi All,

Very choppy morning as the SPY held the 197.40 stinky 2.50s lower range and proceeded to grind up through the 198.62 daily fib peaking out just shy of the + .20 coil resistance at 198.81.  We hit AKAM SHORT at 57.84avg into the opening spikes and it flashed reversions to 57.50s-57.60s but no liquidity.  We scalped 57.83 and stopped 58.16 as the perfect storm was setting up for a breakout, out - .01 + - .34.  We took FB LONG at 74.20 for a reversion but stopped out 74.17, out - .03 as the 5 min 5pd ma stalled out setting up an inverse pup breakdown.  We scaled into FB LONG at 73.87avg to scalp out the 73.92 and 73.98, out + .05 and + .11.  FB proceeded to reject again back under the 5 minute 5 period ma and sellfade the SPY and TWTR as it collapsed again to the 73.60s.  We hit FB SHORT at 73.61avg and got wiggled out at 73.80, out - .19 which was the 5 minute 5 period ma.  At this point, FB could have broken through and played a laggard long with the SPY and TWTR, but instead it rug pulled back to 73.60s.  This was the key TELL and CONFIRMATION of the 5 minute inverse pup but most importantly the MINI INVERSE PUP.  We immediately SHORTED FB at 73.62avg on DOUBLE SIZE for the 73.60 to finally break on the SPY reversion as FB triggered heavy volume selling, to scale out 73.43, 73.37 and 73.51, out + .19, + .25 and + .11.  We let it settle as SPY continued to grind.  FB showed resistance at that 73.60 area and we stepped back in SHORT FB at 73.34avg to scalp out 73.23, 73.12 and 73.01, out + .11, + .22 and + .33 into the SPY reversions again.  Carved out + $319 profits this morning.