THE SHORT-TERM TREND IS UP, NOT CONFIRMED THOUGH, I HOLD TRAPPED SHORT POSITION OVERNIGHT
No idea tomorrow but I still think the pullback isn’t over yet. That said, I’d not hesitate to join bulls if another huge up day tomorrow.
Those who took long by following the 05/17 Trading Signals and 05/13 Trading Signals should close the long position now. This should leave only partial long position taken following the 05/05 Trading Signals still opened now.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||4 of 5 SELL||5 of 5 NEUTRAL||Cobra Impulse in SELL 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||05/17 S||N/A|
|CI Swing||05/17 S||2*ATR (10)|
DEMO ACCOUNT FOR SHORT-TERM MODEL: