THE SHORT-TERM TREND IS DOWN, I HOLD NO POSITION OVERNIGHT

The bottom line, the damage is done, so it takes time for the market to find a footing.

SPX down 7 days in a row, there are only 2 cases since 1991, both dropped again the next day.

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Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9) today, so 41 out of 64 times (64%) a green day tomorrow.

3

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=8%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/01 L 1.7*ATR(10)  
DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)
TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
 
LAST   2248.50  
SUM   2248.50  
  • $300 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance. SUM = Year to date realized gains/losses.