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Is The Bull Market On Its Last Legs?

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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.

 

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