Cobra's Market View Private Messaging System shows:
SHORT-TERM MODEL BELIEVES THE TREND IS DOWN, HODING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, I’m clueless, well, as always.
Based on the statistics of VIX rose 38%+ in 2 days, we got the promised green day today. Then when VIX rose 38%+ in 2 days and SPY closed in green on the 3rd day, what the crystal ball says the 4th day, i.e. tomorrow? Well, not so bull friendly especially the Gain/Loss ratio. The samples are too small, so I won’t read too much into it, for fun, because I really need find something to say .