Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up but I hold no long positions overnight.
As mentioned in last night report, the market at least needs a few days of small up or consolidation before it could do some real pullbacks. Well, beware of small consolidation day and hollow red bar here. The only thing to prevent this inevitable fall is another huge up day. So my advice to you is before seeing this huge up day, don’t get too bullish here.