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 as SPY down 5 consecutive days, buy at close today sell tomorrow, you got 69% chances since the last 2000 trading days. And if hold until the very first green day, you’ll have 88% chances.
By the way, I saw someone mentioning SPY closes below BB bottom for 3 consecutive days, well, it’s a buy, but there’s a catch, since the last 2000 trading days, 5 out of 11 times, SPY closed below BB bottom yet for the 4th and even 5th day, so the strategy is to buy and hold until the very first day that SPY closes above its BB bottom, in which case, you’ll have 82% chances.
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 Swing||06/01 S||06/06 High|
DEMO ACCOUNT FOR SHORT-TERM MODEL: