• 846 days Will The ECB Continue To Hike Rates?
  • 846 days Forbes: Aramco Remains Largest Company In The Middle East
  • 848 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,248 days Could Crypto Overtake Traditional Investment?
  • 1,253 days Americans Still Quitting Jobs At Record Pace
  • 1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,258 days Is The Dollar Too Strong?
  • 1,258 days Big Tech Disappoints Investors on Earnings Calls
  • 1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,261 days China Is Quietly Trying To Distance Itself From Russia
  • 1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,265 days Crypto Investors Won Big In 2021
  • 1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,275 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Scenario 1 On Track

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):

Sigma Whole Market Index

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.

Sigma Table

Conclusion:

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:

SPX

Current position: long @ 1307.77 (stop loss @ 1285)

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment