• 1,188 days Will The ECB Continue To Hike Rates?
  • 1,188 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,190 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,590 days Could Crypto Overtake Traditional Investment?
  • 1,594 days Americans Still Quitting Jobs At Record Pace
  • 1,596 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,599 days Is The Dollar Too Strong?
  • 1,600 days Big Tech Disappoints Investors on Earnings Calls
  • 1,601 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,602 days China Is Quietly Trying To Distance Itself From Russia
  • 1,603 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,607 days Crypto Investors Won Big In 2021
  • 1,607 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,608 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,610 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,610 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,614 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,615 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,617 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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