THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
I don’t see much edge for tomorrow, not looking good for all the recent Tuesdays though.
Those who follow Cobra Impulse System, once again, the stop loss need to be tightened. I made a mistake last Friday, should set the stop loss a little higher than the 06/09 high today.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||5 of 5 SELL||5 of 5 NEUTRAL||Cobra Impulse in SELL mode; Non-Stop in SELL mode.|
|Short-term||6 of 6 NEUTRAL|
|SPY SYSTEM||ENTRY||STOP LOSS||INSTRUCTION: back test is HERE, signals are HERE.|
|Non-Stop||05/10 S||N/A||Short is for aggressive traders only.|
|Cobra Impulse||06/01 S||*06/09 High||*Adjust stop loss.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: