The market did an impressive U turn during Thursday's session: after declining by roughly 1%, the market reversed and closed at the high of the day (at +0.9%).
The swing moved at '4' and generated a 'buy' signal (because the Trend Level was at '1' on Wednesday).
Here are the new stop levels generated by the ST model:
Trading Book:
We closed our short position on both the CAC40 and the NDX just before US close:
- CAC40 closed at 3829.67 (gains 187.31pts)
- NDX closed at 2951.63 (gains 70.41pts)
According to our model, we opened long position:
- SPX: 1 long at 1624.62 (stop @ 1579, 3pts below the model to take into account bid/ask spread)
- NDX: 1 long at 2951.63 (stop @ 2856, 5pts below the model to take into account bid/ask spread)
- CAC: 1 long at 3829.67 (stop @ 3733, 5pts below the model to take into account bid/ask spread)
- DAX: 1 long at 8145.34 (stop @ 7926.5, 10pts below the model to take into account bid/ask spread)
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.
