• 934 days Will The ECB Continue To Hike Rates?
  • 935 days Forbes: Aramco Remains Largest Company In The Middle East
  • 936 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,336 days Could Crypto Overtake Traditional Investment?
  • 1,341 days Americans Still Quitting Jobs At Record Pace
  • 1,343 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,346 days Is The Dollar Too Strong?
  • 1,346 days Big Tech Disappoints Investors on Earnings Calls
  • 1,347 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,349 days China Is Quietly Trying To Distance Itself From Russia
  • 1,349 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,353 days Crypto Investors Won Big In 2021
  • 1,353 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,354 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,356 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,357 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,360 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,361 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,361 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,363 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Pullback Underway

We were targeting for this rebound, the 1335 - 1360 area.

As the market traded around 1330 very quickly in the session, we diced to we close our (half) long position at 1328.16. [1328.16 - 1302.09 = 26.07 (profit)].

For those of you interested by our intraday move, we mention all our operations in real time on our internet site.

Looking at our indicator, we can notice that our Sigma trend Index is stable at '-1' , and all other indicators Trend Level (TL), Swing and Power Level(PL) are at '3' (neutral).

Sigma Table

Conclusion:

Our indicators are in neutral territory. We expect this pullback will end in the 1297- 1305 area and then a new impulse to the upside should start.

We will buy a FULL long position at 1308 (with a stop loss 1289).

Current position: no position

Have a nice day,

Back to homepage

Leave a comment

Leave a comment