18/11: Russell 2000 and Small Caps 600 showing some signs of reversal

The Sigma Whole Market Index remains very close to recent top. There is no sign of reversal at this stage: the market remains abve the red horizontal support.

Nevertheless, loking at the Russell2000 and the S&P Small Caps 600, we can detect some early signs of reversal. Those 2 indexes are the key ones to focus on at this stage: if they continue to decline, the whole market will probably follow.

Looking at the Sigma Whole Europe, there is no new information. The market remains below major resistance.

The situation is exactly the same looking at the CAC and the Stoxx600: both indexes are below major resistances.

The Sigma Trend Index declined to '5', other indicators remain neutral at '3'.

The ST model uplifted its stop on the NDX:

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1955, 3pts below the ST model to take into account bid/ask spread)

- NDX: long at 3828.03(stop @ 3974, 5pts below the ST model to take into account bid/ask spread)

- CAC: stopped

- EStox: stopped

- DAX:  long at 8769.25(stop @ 9104, 10pts below the ST model to take into account bid/ask spread)

- IBEX: stopped