Short term update

It is clear for today...

Short term signal: UP --> if SP500 moves bellow 1639 short term direction will be DOWN and next support level is 1622.
Intermediate term signal: UP
Comment: a pause as expected, the picture stays bullish, SP500 struggles with resistance and MA20 on the daily chart.

Expected behavior(see the daily chart from weekly review):
- green scenario retest of the high - the buyers are not so strong and the next day or two move lower but it should stay above 1622.
- red scenario higher high expected - the buyers are strong and tomorrow should be a strong green day moving above resistance and MA20.

Levels SP500:
- above 1620 stay long
- 1600-1620 on the side line, wait and see what happens
- bellow 1600 short

XETRA DAX - Short term if DAX moves below 8290 expect move to the next support level 8220-8230
Levels Xetra DAX:
- above 8150 stay long
- 8050-8150 on the side line, wait and see what happens
- bellow 8050 short