On Saturday, we post two different scenario that could be under development.
It looks like the first one is currently under development. Here is the chart we posted on Saturday (The Sigma Whole Market Index is the aggregate of 16 US indexes):
With this scenario in mind, we decided to cut our long position just after the European Market open at 1342.69. Then, we introduced a buy order at 1308 in order to take benefit of the expected pullback.
Our order was filled at the end of US session at 1307.77.
For those of you interested in our intraday move, we post all our trades (in real time) on our site.
Looking at our indicators, we can notice that the Sigma Trend Index (STI) fall back to '-2'. It is in line with a pullback scenario, but it must move (quickly) above the zero line.
We don't have new information coming from our indicators, but it looks like our scenario is under development. We believe the 1350 - 1360 area is achievable in coming days:
Current position: long @ 1307.77 (stop loss @ 1285)
Have a nice day,