After a retest of the zero line from our key indicators, the market declined again this Wednesday, telling us the bounce back is probably over.
The Sigma Trend Index declined from '-2' to '-6'.
Our Swing Indicators moved from '4' to '2', telling us the decline was severe and made important damages.
The Breadth index fall back in negative territory:
Conclusion:
We expect an acceleration to the downside in coming days (capitulation mode).
For the time being we feel comfortable with our short position.
Current position: short @ 1334.07
Have a nice day,
