The Sigma Whole Europe Index enjoyed very strong gains early in the session but due to some weakness at the end of the day, it wasn't able to close above the pink horizontal resistance.
Looking at the CAC, DAX and the Eurostoxx50, we can see their intraday highs were very close to the top of the (blue) uptrend channel. So, from one way or another, we should get (at least) some kind of consolidation in coming days.
The Sigma Trend Index Europe declined from '68' to '59' but it remains above the key '34' level. So, we still have 3 sessions in order to generate a confirmed sell signal. The only way to do it is to get a Swing and/or a Power Level at '1' or '2' in the next 3 sessions.
The ST model uplifted its stop on the DAX:
The Sigma Whole Market Index continues to rally but didn't print a new record on Monday. There is no sign of reversal at this stage.
It is also interesting to notice that the Mid Caps 400 was finally able to move above its major resistance and to print a new high on Monday. This is short term positive for the market.
Looking at the Small Caps 600 and the Russell 2000, we are still far from their recent highs.
Looking at the Nasdaq100 and the S&P500, those 2 indexes look unstoppable.
The Sigma Trend Index increased to '30' but it is still below the key '34' level required for a 'sell' signal. So, a sell signal in US (from our model) is impossible right now.
There is no change on our stops for both the NDX and the SPX.
Short Term Trading Book: