Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
My guess is we’d see more push up tomorrow, but the big picture is still pointing down.
A short setup triggered today: SPY up 3 days in a row but volume down 2 days in a row (so called price volume negative divergence), short at today’s close, most likely profitable within 6 trading days (red and blue dashed lines).
Cobra Impulse System asks to tighten the stop loss once again.
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||*06/15 High||*Adjust stop loss.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: