Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS UP, UNCONFIRMED, I HOLD TRAPPED SHORT POSITION OVERNIGHT
Used to be bearish for the last 2 trading days of the month, but the trick failed 3 times in a row recently, so not sure if it still works this time or not anymore.
Those who followed the TradingMarkets long setups, just a reminder, the major exit condition is met today. And congratulations for those who were brave enough to follow. Yet again another score!
Those who plan to follow Cobra Impulse System, the short setup is still valid, as long as SPY could break down below today’s low and close in red tomorrow.
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||*Short if breakdown below 05/26 low and close in red tomorrow. The stop loss will be 2*ATR(10).|
DEMO ACCOUNT FOR SHORT-TERM MODEL: