• 1,102 days Will The ECB Continue To Hike Rates?
  • 1,102 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,104 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,504 days Could Crypto Overtake Traditional Investment?
  • 1,509 days Americans Still Quitting Jobs At Record Pace
  • 1,511 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,514 days Is The Dollar Too Strong?
  • 1,514 days Big Tech Disappoints Investors on Earnings Calls
  • 1,515 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,517 days China Is Quietly Trying To Distance Itself From Russia
  • 1,517 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,521 days Crypto Investors Won Big In 2021
  • 1,521 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,522 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,524 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,525 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,528 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,529 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,529 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,531 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Waiting For Confirmation After Last Week's Sell Signal

We got a sell signal (from our Summation 21 index) on the SP500 last Thursday. This signal remains valid after Friday's close (blue line remains below the red one).

Summation 21

This signal was confirmed on Friday by our turnover index giving us a fresh sell signal on the close.

Turnover Convergence Divergence

Nevertheless, our SigmaTrading Market breath indicator remains above "0"(red line), telling us the medium term trend remains to the upside: we need 2 consecutivecloses below zero in order to validate a trend reversal.

Market Breadth

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment