We got a new (marginal) high on the Sigma Whole Market Index. So, current upleg could have exhausted (with 5 clear waves). Nevertheless Monday's 'reversal' was absolutely not convincing. In this context, we can't say (at this stage) the top is in.
There is no change in our indicators:
Short Term Trading Book:
- SPX: 1 short at 1792.26 (stop @ 1827, 3pts above the ST model to take into account bid/ask spread)
- NDX: 1 short at 3361.01 (stop @ 3475, 5pts above the ST model to take into account bid/ask spread)
- CAC: 1 short at 4272.14 (stop @ 4423, 5pts above the ST model to take into account bid/ask spread)
- DAX: 1 short at 9193.36 (stop @ 9379, 10pts above the ST model to take into account bid/ask spread)
- EStoxx: 1 short at 3027.17 (stop @ 3105, 5pts above the ST model to take into account bid/ask spread)
Medium Term Trading Book:
- No more medium term position at this stage.
