• 857 days Will The ECB Continue To Hike Rates?
  • 857 days Forbes: Aramco Remains Largest Company In The Middle East
  • 859 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,259 days Could Crypto Overtake Traditional Investment?
  • 1,264 days Americans Still Quitting Jobs At Record Pace
  • 1,266 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,269 days Is The Dollar Too Strong?
  • 1,269 days Big Tech Disappoints Investors on Earnings Calls
  • 1,270 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,272 days China Is Quietly Trying To Distance Itself From Russia
  • 1,272 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,276 days Crypto Investors Won Big In 2021
  • 1,276 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,277 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,279 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,280 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,283 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,284 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,284 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,286 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Our Short-Term Scenario

Our turnover index gave a buy signal on the 31st of January, telling us a ST upleg is probably on the agenda.

Turnover Convergance Divergance

Nevertheless, our Advance decline Index (21days) continues to weaken, telling us the current uptrend (started in mid december) is running out of gasoline and is close to an end.

21-Day Advance/Decline

We can notice that our Sigma Trading Oscillator continues to weaken. We believe we will get a divergence between price and oscillator in the next upleg: higher high on price (blue line) but lower high on the oscillator (red line). This will be the signal that a top is in place.

Sigma Trading Oscillator


Conclusion:

We believe we are close to a top on a short term basis, and we will use the next upleg for building a full short position.

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment