• 1,153 days Will The ECB Continue To Hike Rates?
  • 1,153 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,155 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,555 days Could Crypto Overtake Traditional Investment?
  • 1,560 days Americans Still Quitting Jobs At Record Pace
  • 1,562 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,565 days Is The Dollar Too Strong?
  • 1,565 days Big Tech Disappoints Investors on Earnings Calls
  • 1,566 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,568 days China Is Quietly Trying To Distance Itself From Russia
  • 1,568 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,572 days Crypto Investors Won Big In 2021
  • 1,572 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,573 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,575 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,576 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,579 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,580 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,580 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,582 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Still Long But Ready To Short

The market continues to perform very strongly. Looking at the chart of the Sigma Whole Market Index, we can notice we could print a perfect double top if we reverse on Friday.

Sigma Whole Market Index Chart

The Sigma Trend Index closed on Thursday above the key '34' level which means the model is ready to short. Now, we need a Swing or a Power Level at '1' or '2' in the next 3 sessions in order to generate a sell signal. (for more details you can consult our methodology).

ST Model table

The model uplifted its stop levels on all indexes:

SPX table

NDX Table

CAC Table

DAX Table

Trading Book:
- SPX: 1 long at 1588.17 (stop @ 1587, 3pts below the model to take into account bid/ask spread)
- NDX: 1 long at 2868.65 (stop @ 2835, 5pts below the model to take into account bid/ask spread)
- CAC: 1 long at 3657.24 (stop @ 3665, 5pts below the model to take into account bid/ask spread)
- DAX: 1 long at 7817.14 (stop @ 7728, 10pts below the model to take into account bid/ask spread)

 


For those of you interested in our trades, you can visit our 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