Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
Let’s see whether the setup below still works or not this time. I have no confidence in it but it seems shorting at tomorrow’s close might have a little edge which I’ll explain in tonight’s report.
Those who follow Cobra Impulse System, tomorrow is the key, either short or long, see table below for detailed instructions.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||4 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||*Long if break above 06/28 high and close in green tomorrow.
*Short if break below 06/28 low and close in red tomorrow.
*The stop loss for long is 1.7*ATR(10), for short is 2.0*ATR(10).
DEMO ACCOUNT FOR SHORT-TERM MODEL: