THE SHORT-TERM TREND IS NOT CLEAR, I HOLD BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVER THE WEEKEND
I have no idea what the market is doing other than the intermediate-term is still down. Seasonality surrounding the Independence Day is mostly bullish, just looks like most Mondays recently are not very bull friendly.
Enjoy your weekend!
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||4 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||Stopped out on 06/21 with gains.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: