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Loading The Gun, Ready To Short

Our ST model has been in 'buy' mode since early June. With the Sigma Trend Index (STI) at 41 (clearly above the key 34 level), the first required condition for a short position is in place. Now, we need either the Swing or the Power Level to decline below '3' within the next 3 sessions on order to activate the 'sell' signal. (if you want more details, have a look at our methodology by clicking on the link in the right column).

ST Model

The ST model uplifted its stop on the SPX:

SPX-ST

Short Term Trading Book:

- SPX: 1 long at 1654.12 (stop @ 1623, 3pts below the ST model to take into account bid/ask spread)
- NDX: 1 long at 2868.65 (stop @ 3016, 5pts below the ST model to take into account bid/ask spread)

Medium Term Trading Book:

- SPX: 2 shorts at 1682.84 (stop @ 1724, 3pts above the MT model to take into account bid/ask spread)

 


For those of you interested in our trades or in our methodology, you can visit our site. A full description of our ST model and MT model is available on our site. 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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