SIGM now has the monthly 8ma above the 10ema, the weekly 8ma above the 10ema and the daily 8ma above the 10ema. All indicating longer term topping, no mo momo. SIGM is now up against the monthly top bb and the weekly top bb both strong levels of rez. At this point in time SIGM is turning into a higher odds short than a long. Be careful, first downside target will be the monthly 8ma now at 22. It would take very big buying to have SIGM break above these levels of rez and if it did SIGM would fail quickly. At least hedge
I forgot to mention that on a monthly chart SIGM has made a dbl top and on negative divergences. Another red flag and also the overall environmnet must be considered as all the indexes are flashing red. The big whoopsie ealrier this month was just the shot over the bow.