When we look at the chat of the Sigma Whole Market Index, it seems the recent up move is completed (5 sub waves to the upside). If our wave count is right, we can expect an acceleration to the downside (now).
There is no change in our indicators, the Sigma trend Index is at '4'. It will be crucial to monitor if it declines in negative territory in coming sessions.
There is no change in our positions at this stage.
Short Term Trading Book:
- SPX: 1 short at 1742.85 (stop @ 1783, 3pts above the ST model to take into account bid/ask spread)
- NDX: 1 short at 3361.01 (stop @ 3445, 5pts above the ST model to take into account bid/ask spread)
- CAC: 1 short at 4272.14 (stop @ 4400, 5pts above the ST model to take into account bid/ask spread)
- DAX: 1 short at 8860.35 (stop @ 9102, 10pts above ST model to take into account bid/ask spread)
- EStoxx: 1 short at 3027.17 (stop @ 3115, 5pts above the ST model to take into account bid/ask spread)
Medium Term Trading Book:
- No more medium term position at this stage.
