Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS UP, I HOLD BOTH SHORT (TRAPPED) AND LONG OVERNIGHT
Tomorrow, I guess it’s up because the sentiment is very bullish so always assuming the most bullish case would not be a bad idea and accordingly the day after tomorrow would be in red. I’ll explain why if indeed another up day tomorrow.
A short setup is triggered today, for aggressive traders of course. SPY up 3 days in a row while volume down 2 days in a row (so called price volume negative divergence), short at today’s close, surprisingly (because I really hate such a setup) it worked most of the time.
And those who followed the Cobra Impulse System, the stop loss needs to be adjusted now.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||3 of 5 SELL||5 of 5 NEUTRAL||Cobra Impulse in BUY mode; Non-Stop in SELL mode.|
|Short-term||6 of 6 NEUTRAL|
|SPY SYSTEM||ENTRY||STOP LOSS||INSTRUCTION: back test is HERE, signals are HERE.|
|Non-Stop||*05/10 S||N/A||*Short is for aggressive traders only.|
|CI Buy & Hold||04/28 L||N/A|
|CI Swing||05/06 L||*Breakeven||*Adjust stop loss.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: