• 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?
  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