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Still Long But Ready To Short

The Sigma Whole Market Index is right below a key resistance that stopped the market 3x in the past. This level could act as a major resistance, once again.

Sigma Whole Market Index Chart

The Sigma Trend Index surged to '50', well above the key '34' level required for a short position. Now, we need a swing or a Power Level(PL) at '1' or '2' in the next 3 sessions in order to activate the short signal:

Sigma ST Model Table

The ST model uplifted some stop levels:

SPX ST Table

NDX ST Table

ESTOXX ST Table

Short Term Trading Book:
- SPX: 1 long at 1691.97
(stop @ 1668, 3pts below the ST model to take into account bid/ask spread)
- NDX: 1 long at 3204.34 (stop @ 3138, 5pts below the ST model to take into account bid/ask spread)
- CAC: 1 long at 4219.62 (stop @ 4145, 5pts below the ST model to take into account bid/ask spread)
- DAX: 1 long at 8717.86 (stop @ 8450, 10pts below ST model to take into account bid/ask spread)
- EStoxx: 1 long at 2974.95 (stop @ 2892, 5pts below the ST model to take into account bid/ask spread)

Medium Term Trading Book:
- No more medium term position at this stage.

 


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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