Europe:
The Sigma Whole Europe Index remains highly volatile and after Friday's 'small' double top pattern, the 'abc' bounce back could be over. Let's see what happens next week.
If the market can move higher, the probability the correction is 'over' will sharply increase.
The Sigma Trend Index is right on its zero line and both the Swing and the Power Level were neutral at '3' on Friday.
So, we have no indication coming from our indicators.
United States:
The Sigma Whole Market remains close to the upper end of its trading range. Both the S&P500 and the DJI are close to print new highs.
The Sigma trend Index was unchanged on Friday at '10'. Both the Swing and the Power Level were neutral at '3'.
The ST model uplifted its stop on the IBEX from 11186 to 11207
- 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: theoretical long at 11424.7 (stop @ 11207, 10pts below the ST model to take into account bid/ask spread)
