• 826 days Will The ECB Continue To Hike Rates?
  • 826 days Forbes: Aramco Remains Largest Company In The Middle East
  • 828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,228 days Could Crypto Overtake Traditional Investment?
  • 1,233 days Americans Still Quitting Jobs At Record Pace
  • 1,235 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,238 days Is The Dollar Too Strong?
  • 1,238 days Big Tech Disappoints Investors on Earnings Calls
  • 1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,241 days China Is Quietly Trying To Distance Itself From Russia
  • 1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,245 days Crypto Investors Won Big In 2021
  • 1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,249 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,253 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,255 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