THE BOTTOM LINE, THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT.
No idea about tomorrow but my guess is that today’s high will be revisited in the short-term. Such a revisit, if so, might be a good chance to unload some of your longs because I still cannot exclude the possibilities that we’re topped around here.
Depends on your entry, your position following the Cobra Impulse System may get stopped out today, that’s OK, because strictly according to my original design, the long position should be stopped out today. In reality, though, the system still holds the position. This is the limitation of the back test software as I cannot back test the exact entry and exit price so in most cases the middle prices are used.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||4 of 5 BUY||5 of 5 NEUTRAL||Cobra Impulse in BUY mode; Non-Stop in BUY mode.|
|Short-term||6 of 6 NEUTRAL|
|SPY SYSTEM||ENTRY||STOP LOSS||INSTRUCTION: back test is HERE, signals are HERE.|
|CI Buy & Hold||04/28 L||N/A|
|CI Swing||04/28 L||Breakeven|
DEMO ACCOUNT FOR SHORT-TERM MODEL: