THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT
No solid evidence for tomorrow but my guess is it’d continue down. Subject to change at any time of course.
Another TradingMarkets long setup was triggered today which claimed to have over 80% winning rate. So include yesterday, we should have total 3 different long setups triggered. If you chose to follow, be sure to follow only one and try your best not to average down.
And the error data I mentioned yesterday was fixed today by StockFinder (not fixed on StockCharts though) based on which I developed the Cobra Impulse System, so officially the Cobra Impulse System should still hold the short today and the stop loss be set to breakeven.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||5 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||Breakeven|
DEMO ACCOUNT FOR SHORT-TERM MODEL: