Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT
The rebound today was enough to stop out the short held by Cobra Impulse System, however if breaks down below today’s low and closes in red tomorrow, it’s another short. By the way, see that red signal bar? That’s Cobra Impulse, the system is mostly based on such kind of impulse move.
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||*Stopped out of short position on 5/25 flat.
*Short if breakdown below 05/25 low and close in red tomorrow. The stop loss will be 2*ATR(10).
DEMO ACCOUNT FOR SHORT-TERM MODEL: