SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING NO POSITION OVERNIGHT
The bottom line, the daily chart certainly doesn’t look good as there’re some chances the top was in. Just since the selling was mostly before the close so could be emotional, therefore we need see tomorrow.
Some people asked about the month end sell setup, i.e. most likely up tomorrow but sell short at tomorrow close and hold until the month end used to be very profitable until recently which seems very bullish for the rest of the week, i.e. up 3 more consecutive days…
Those who follow Cobra Impulse System, it’s time to set the stop loss to breakeven. The short setup is not confirmed today and not longer valid.
|MECHANICAL TRADING SIGNALS|
|DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)|