The Sigma Whole Europe Index had a great session on Thursday: the market gapped up at the open, it continued its advance during the session and closed at its intraday high. The
market is right below a major resistance, let's see what happens here.
Looking at key European indexes, we can notice the rally was very impulsive on all major markets:
The Swing Indicator came in at '5', telling us the rally was highly impulsive. The Sigma trend Index is now testing its zero line.
The rally was so strong that we were stopped on all our European short positions (some in extended hours, during US session):
- CAC: 4380.87 - 4245.1 =135.77 (gains)
- EStoxx: 3230.03 - 3177.21 = 52.82 (gains)
- DAX: 9924.15 - 9807.55 = 116.6 (gains)
- IBEX: 10663.8 - 10390.35 = 273.45 (gains)
The Sigma Whole Market Index continues its huge rally, this is impressive. I feel much younger, 15years younger...
All key indexes were able to book huge gains on Thursday. It seems like nothing can stop this bull market.
The Sigma Trend Index is now in positive territory. The swing came in at '5', telling us the rally was highly impulsive.
The ST model uplifted its stops for both the NDX and the SPX:
Short Term Trading Book: