THE SHORT-TERM TREND IS DOWN, I HOLD BOTH SHORT (TRAPPED) AND LONG (TRAPPED) OVERNIGHT
No idea about tomorrow but my guess is we should see more selling in the coming days.
Those who followed the Cobra Impulse System, the long position should be stopped out today.
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||*Stopped out of long position on 05/11 flat.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: