• 525 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 527 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 927 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 937 days Big Tech Disappoints Investors on Earnings Calls
  • 938 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 940 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 944 days Crypto Investors Won Big In 2021
  • 944 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 945 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 947 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 951 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 952 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 954 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

We Could get a Buy Signal on Monday

The Sigma Whole Market Index is right on the green horizontal support. If this support is breached, there is a high probability that we will decline until the next horizontal support (pink line) in coming sessions. But after recent consolidation, we can also imagine that the market could rebund from current levels and retest recent highs.

Sigma Whole Market Index Chart

Looking at the CAC40, we can see the same pattern than for the US market. The index is right on the red horizontal suport, and if this support doesn't hold on, we will probaby decline until the next horizontal support (green line).

CAC40 Chart

Looking at our ST model, we can notice that the Trend Level(TL) is at '1' (oversold). So, if we get a Swing at '4' or '5' on Monday, this will generate a 'buy' signal.

ST Model table

Looking at the different index we track, there is no change at this time: The CAC is in 'sell' while all other indexes are 'stop':

CAC Table

DAX Table

NDX Table

SPX Table

Trading Book:
Our short position on the NDX is still alive because our stop was at 3055 (5pts above the model).

- SPX: no position at this time (model is 'stop')
- NDX: 1 short at 3022.04 (stop @ 3055, 5pts above the model to take into account bid/ask spread)
- CAC: 1 short at 4016.98 (stop @ 4110, 5pts above the model to take into account bid/ask spread)
- DAX: no position at this time (model is 'stop')

 


For those of you interested in our analysis, you can visit our internet site: 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.

 

Back to homepage

Leave a comment

Leave a comment