3:45pm: As we flip to unhealthy mode today, the system exits half the long position on the close. The official unhealthy signal is a hold signal, which just means we'll hold the other half of the position in hopes of a bounce the next few days.
The system now goes into "short the rally" mode until or unless we flip back to healthy status...which is detailed right here.
9:30am: It's official, with SPY dipping below 138.55, half of the TNA position will be exited on the close today.
To get a clue of what might happen intraday, with SPY opening below daily S3 support at 138.37, if we manage to move above that level in the first 30 minutes, it substantially decreases the chance of a trend day down. Or, alternatively, if we fill half the gap in the first 60 minutes, it also indicates a better chance of a close higher than the open. Finally, if the range of the first hour breaks, the direction in which it breaks should signal the trend for the rest of the day. Those rules of thumb come from my old daytrading notes.