SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING BOTH SHORT (TRAPPED) AND LONG OVERNIGHT
First of all, take a little time to vote for our 2nd poll HERE, thanks.
The bottom line, statistically, tomorrow and the day after tomorrow shouldn’t be pleasant. I’ll present additional evidences in tonight’s report. Personally I ALWAYS have no confidences in those statistics especially if it’s against the short-term trend, so please don’t ask me if I would trade accordingly.
No idea about tomorrow, seasonality is a little little bearish biased because it’s Thursday and from the chart below I can see obviously more red lines than blue lines.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=13%; SDS=12%; UPRO=19%;SPXU=19% | | Non-Stop | 09/23 S | N/A | | | Cobra Impulse | | | *For SPY, put a GTC limit buy 15 cents above 10/04 low. Stop loss = 1.7*ATR(10). | |
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
