• 287 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  1. Home
  2. Markets
  3. Other

Long Again, Second Attempt

According to our model, the markets reached (for the second consecutive day) intraday panic level.

When reaching these levels, there are only 2 solutions: a bounce back or a huge selloff.

This is why we need to be highly vigilant when buying such situation and we need to use tight stop loss (SL). (Usually we place it few points below the intraday low).

In this context, you can easily understand why we placed our 1st SL at 1345, and why our current position has a SL at 1340.

There is no huge change in our model:

Sigma Trading Oscillator

Conclusion:

We continue to believe a short term bounce back is on the agenda and the market should retest the zero line (from our indicators) in coming days.

If this scenario doesn't materialize quickly, and if we break the 1335 level, we will go short because a huge selloff will probably be on the agenda (due to 2 failed bounce back attempts).

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment