The market is stuck between a support and a resistance (green and pink lines).

After a successful test of the pink horizontal support, the market bounced back and was able to print a higher low. This situation is short term positive (until we don't print a new low).

The Sigma Trend Index(STI) remains in negative territory, telling us current trend remains to the downside.

Some of our stop levels have been modified by the model. Here are the updated levels:

Trading Book:
- SPX: 1 long at 1624.62 (stop @ 1593, 3pts below the model to take into account bid/ask spread)
- NDX: 1 long at 2951.63 (stop @ 2869, 5pts below the model to take into account bid/ask spread)
- CAC: 1 long at 3823.10 (stop @ 3727, 5pts below the model to take into account bid/ask spread)
- DAX: 1 long at 8145.34 (stop @ 7837, 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.