Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
The chances for a rebound become higher and higher as day goes by but as I mentioned in today’s intra-day comment, the rebound, if any, most likely is a sell opportunity. I’ll as usual, present my witnesses in tonight’s report.
Wondering what happened whenever SPY down 6 consecutive days? Well, here’s the statistics. Cases are too few to be any meaningful but no harm to know.
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.|
|Cobra Impulse||06/01 S||06/06 High|
DEMO ACCOUNT FOR SHORT-TERM MODEL: