The Sigma Whole Europe Index continues to rally: everyone is buying like crazy before the ECB meeting. I wouldn't be surprised if we get a sell on the news this Thursday. It is important to notice the market is unable to close above the pink horizontal resistance.
The Sigma Trend Index closed above the key '34' level for the second consecutive session. So, we will see if the ST model can generate a sell signal within the next 3 sessions.
The Sigma Whole Market Index remains very resilient: there is no sign of weakness at this stage.
The Sigma Trend Indexremains in negative territory and is very close to its zero line. It seems the US markets are also waiting for the ECB.
Daily Trading Book: