Cobra's Market View Private Messaging System shows:
THE SHORT-TERM MODEL NOT SURE IF THE TREND IS UP HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, it’s just a rebound, there’s no way you Earth people are beyond the law of inertia. Yes, certainly your money printing magic would make you above the law, well, temporarily, but until I see that printing being realized, I have to bet where the odds are which is pointing down now.
For the very short-term, my crystal ball says a higher high tomorrow morning but not so bright after that and perhaps the day after tomorrow and the day after the day of tomorrow… I’ll, as usual, present my witnesses in tonight’s report.
The short position of Cobra Impulse System got stopped out today flat, but the system will try to short again tomorrow should SPY break below today’s low and close in red.