• 315 days Will The ECB Continue To Hike Rates?
  • 315 days Forbes: Aramco Remains Largest Company In The Middle East
  • 317 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 716 days Could Crypto Overtake Traditional Investment?
  • 721 days Americans Still Quitting Jobs At Record Pace
  • 723 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 726 days Is The Dollar Too Strong?
  • 727 days Big Tech Disappoints Investors on Earnings Calls
  • 727 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 729 days China Is Quietly Trying To Distance Itself From Russia
  • 729 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 733 days Crypto Investors Won Big In 2021
  • 734 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 734 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 737 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 737 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 740 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 741 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 741 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 743 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Not Far From a Short Term Top

Looking at our indicators, we can notice that the Trend Level (TL) is at '5' (overbought) for the second consecutive day.

We know it can remain at this level for a couple of days, but this is a warning signal that a short term top is not far.

Sigma Table

Looking at the Sigma Trading Oscillator, we can notice a negative divergence between the Sigma Market Index (in blue) and the Sigma Trend Index (in red): higher price but lower Sigma Trend Index:

Sigma Trading Oscillator

Looking at the Sigma Trading Short Term Sentiment, we can notice we are at elevated level (blue line). This is another warning signal but we also have to admit that 20% is not 'euphoria'.

Sigma Trading Short Term Sentiment


It seems we are not far from a short term top.

We don't have any idea if it will be a short term top or the major reversal we are waiting for. We will have to analyze retracement levels and the velocity of the move (when it happens) in order to detect if we are in presence of a trending move or a counter trend move.

For those of you interested in our intraday move, you can visit our site during the day: we post all our trades in real time. You can also subscribe to our twitter account (@SigmaTradingOsc), it is free and you are updated on our latest view/trades.

Current position:
- short 2.5x std size SPX at 1331.28 (stop loss at 1370 for 1 std size)
- short 1/2 CAC at 3250 (stop loss at 3270)

Have a nice day.


Back to homepage

Leave a comment

Leave a comment