Cobra's Market View Private Messaging System shows:
THE SHORT-TERM MODEL BELIEVES THE TREND IS UP HOLDING BOTH LONG AND SHORT (TRAPPED) OVER THE WEEKEND
The bottom line, everything goes as planned, so still the Thursday’s low will be revisited early the next week. The chart below should double confirm the evil plan I drew in the last night’s report (missed the lower low part but still a valid plan). This is for short-term of course. The intermediate-term is not very clear now. I do believe Santa Rally, the question is how we get there – up and up until then or down then up until then? I have no answer for now, the only thing I know is the seasonality is very bullish the next week according to the Stock Trader’s Almanac, see Trader’s Calendar at our main page yourself. Enjoy your weekend!