The Market was able to break the small triangle to the upside. So, either recent consolidation was very short and took only 7 sessions or recent advance hasn't topped yet.
Looking at our indicators, the swing was at '4', telling us that Wednesday's move was impulsive.
As the SPX reached our stop level, our short position was stopped on the SPX:
1742.85 - 1783.17 = -40.32 (loss)
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 @ 3441, 5pts above the ST model to take into account bid/ask spread)
- CAC: 1 short at 4272.14 (stop @ 4372, 5pts above the ST model to take into account bid/ask spread)
- DAX: no more position
- EStoxx: 1 short at 3027.17 (stop @ 3108, 5pts above the ST model to take into account bid/ask spread)
Medium Term Trading Book:
- No more medium term position at this stage.
