The market printed a second consecutive doji, this usually happens close to trend reversal.
There is no meaningful change vs Friday's close: the equity market remains above strong support while losing momentum
The Sigma Trend Index continues to ease: the uptrend is losing a lot of momentum (but remains alive as long as the STI remains in positive territory).
Our short term model remains in sell mode:
Conclusion:
We keep our positions, we adjut our stop orders in order to fit with our model.
Short term position:
- short 1 CAC at 3703.01
- short 1 NDX at 2734.9 (stop at 2805.53)
- short 1 SPX at 1462.67 (stop at 1492.27)
Medium term positions:
- short 1.5 SPX at 1376.22
- short 1.5 CAC at 3103.87