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.
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).
The model uplifted its stop levels on all indexes:
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)
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