SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING LONG POSITION OVERNIGHT

The bottom line, more up ahead, but bulls may need take some profits if yet another up day tomorrow.

I don’t expect another huge up tomorrow if not red, because TICK closed above 1,000 today.

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Cobra Impulse System thinks it’s time to buy, see table below for more details.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=11%; SDS=13%; UPRO=16%;SPXU=20%
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).
*Long if above 10/10 high and close in green tomorrow. Stop loss = 1.7*ATR(10).

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