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Confirmed Sell Signal, Both Models in Sell Mode

The Power Level closed at '2' on Thursday. So, the sell signal has been confirmed (if you want more details on 'buy' and 'sell' signal, you can visit our internet site)

Sigma Short Term Model Table

So, we closed our 2 remaining long positions and we opened new short positions (on CFDs) at US market close:
- SPX: 1682.69 - 1654.12 = 28.57 pts (gains)
- NDX: 3173.42 - 2868.55 = 304.87 pts (gains)

The ST model computed its stop levels for the new (short) positions:

SPX Short Term Model Table

NDX Short Term Model Table

CAC Short Term Model Table

DAX Short Term Model Table

ESTOXX Short Term Model Table

Short Term Trading Book:
- SPX: 1 short at 1682.69
(stop @ 1729, 3pts above the ST model to take into account bid/ask spread)
- NDX: 1 short at 3173.42 (stop @ 3276, 5pts above the ST model to take into account bid/ask spread)
- CAC: 1 short at 4104.63 (stop @ 4296, 5pts above the ST model to take into account bid/ask spread)
- DAX: 1 short at 8485.55 (stop @ 8731, 10pts above ST model to take into account bid/ask spread)
- EStoxx: 1 short at 2856.50 (stop @ 2940, 5pts above 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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