THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVER THE WEEKEND
The bottom line, more likely more up ahead but bulls need show more strength to prove that a new bull market has started otherwise I’m afraid the Aug 9 lows will be revisited.
I don’t expect a huge up Monday if not red, because TICK closed above 1,000 again. It’s rare to up more than 1% the next day and we had an exception just a few days ago, so the chances for another exception is low (yeah yeah, I know I don’t understand the very basic theory of possibility blah blah blah, but please pay attention to my wording: I said low not lower, OK?).
Those who follow Cobra Impulse System, the long position got stopped out today.
Enjoy your weekend!
|MECHANICAL TRADING SIGNALS|
|DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)|