THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT
SPY down 4 days in a row, buy at today’s close, sell the next day at close, you got 62% chances since year 2003. Hold until the very first green day though, you have 83% chances. The following chart was drawn on 06/06 Trading Signals, should still apply, I’m in a hurry to leave so no new drawing today. The bottom line, it’s not a good time to be panic now so if you still hold your long position, better wait for a few more days and as usual, I’ll present my witness in tonight’s report. Stay tuned.
Two more TradingMarkets long setup triggered today, both claimed to have above 80% winning rate.
Cobra Impulse System is officially in sell mode now and yes, a short position was initiated today.
|MECHANICAL TRADING SIGNALS|
|DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)|