Europe:
The Sigma Whole Europe Index printed a 'doji' on Wednesday. European volatility continues to rise very fast and some indexes are close (or below) to major supports.
The STI rose a little bite from '-45' to '-35'. Both the Swing and the Power Level were neutral at '3'.
Following the selloff in the first hours of trading in Europe, we were stop on our European positions:
- CAC stopped: -121.9pts
-EStoxx stopped: -96.7pts
Unite States:
The Sigma Whole Market Index declined on Wednesday but current trading range is still in place and it is too early to talk about major change in US trend.
It is interesting to notice the RUT printed a reversal candle and that the MID Cap index is at the bottom end of its ascending trend channel.
The DJT is right on a major support.
The Sigma Trend Index declined from '-23' to '-27', both the Swing and the Power Level were neutral.
- SPX: long at 2107.53 (stop @ 2042, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 4236.28 (2014's close) (stop @ 4340, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EuroStoxx50: stopped
- DAX: stopped
- IBEX: stopped
