SHORT-TERM MODEL SEES A DOWNTREND, HOLDING SHORT POSITION OVER THE WEEKEND
The bottom line, as mentioned in the close statement of today’s intraday comment, I don’t know why retailers are so bullish going into the weekend as ISEE Equities Only Index reading at 290 is very rare and extremely high, meaning bulls to bears ratio is 2.9:1. Since people keep asking why I think it’s retailers, so I also highlighted the description of the ISEE index from the official ISEE web site, should be clear why…
The long setup of the Cobra Impulse System wasn’t confirmed today but the system is still trying to buy the dip the next Monday. And also there’s a potential short setup for the next Monday too. See table below for more details.
Enjoy your weekend!
|MECHANICAL TRADING SIGNALS|
|DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)|