• 925 days Will The ECB Continue To Hike Rates?
  • 925 days Forbes: Aramco Remains Largest Company In The Middle East
  • 927 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,327 days Could Crypto Overtake Traditional Investment?
  • 1,332 days Americans Still Quitting Jobs At Record Pace
  • 1,334 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,337 days Is The Dollar Too Strong?
  • 1,337 days Big Tech Disappoints Investors on Earnings Calls
  • 1,338 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,340 days China Is Quietly Trying To Distance Itself From Russia
  • 1,340 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,344 days Crypto Investors Won Big In 2021
  • 1,344 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,345 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,347 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,348 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,351 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,352 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,352 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,354 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