Cobra's Market View Private Messaging System shows:
SHORT-TERM MODEL HAS NO IDEA BOUT THE TREND, HOLDING LONG POSITION OVERNIGHT
The bottom line, although charts always tell 2 side stories but I’m more inclined to believe a top of some kind is close if not already in. I’ll as usual, present my witnesses tonight, so stay tuned.
Tomorrow seasonality is not very bull friendly as according to Stock Trader’s Almanac, October expiration day, Dow down 5 straight and 6 of last 7. Also the chart below shows that since the Aug lows, the Friday had 50% chances to close in red, definitely a random number but I just want to imply that Friday is not as bullish as that of Monday, Tuesday and Wednesday which all had above 70% chances to close in green. Bears only get some chances on Thursday and Friday and too bad, they wasted the Bearish Thursday today.