THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT.
A little little bullish biased toward tomorrow because the Non Farm Payroll day was green 65% times recently.
Lot’s of short-term buy setup today.
SPX down 4 days in a row, buy at today’s close sell on the very first green day since year 2003, you have 91% chances. Just don’t forget the gain/loss ratio is pretty poor and it doesn’t guarantee a green day tomorrow.
A few of TradingMarkets long setups are triggered today. All claimed to have above 80% winning rate. I didn’t verify their claims though.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||3 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||*Long if break 05/05 high and close in green tomorrow.
The stop loss will be 1.7*ATR(10).
DEMO ACCOUNT FOR SHORT-TERM MODEL: