The market resumed its advance on Wednesday. So, we feel rather confident with current wave count.
If this scenario is the right one, we should reach higher levels in coming days.
Thereafter, a meaningful pullback/correction should occur.
Our indicators remain in favor of further advance: the Swing moved to '4', telling us the trend remains bias to the upside.
There is no change in our short term model, it remains in 'buy' mode for both the NDX and the SPX:
The chart analysis is fully in line with our indicators, there is no sign of reversal at this stage.
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.
Short term positions:
- no more position
Medium term positions:
- short 3 SPX at 1446.09
- Short 1 NDX at 2758.8
- short 2 CAC at 3251.07
We add 2years charts of the results generated by our short term model (data are in points) on both the SPX and the NDX.