Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
A little bullish biased toward tomorrow for 2 reasons:
- 39 out of 59 times (66%) a green day after a Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9).
- SPY down 4 days in a row, buy at today’s close, sell the next day at close, you got 62% chances since year 2003. Hold until the very first green day though, you have 83% chances.
Those who follow Cobra Impulse System, it’s time to tighten the stop loss now.
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||5 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 Swing||06/01 S||*06/06 High||*Adjust stop loss.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: