Jun 23, 2013


Short term signal: DOWN
Intermediate term signal: DOWN
Comment: the oscillators are oversold double divergence on the NYMO, I think we will see move higher at least to resistance ~1622

Expected behavior:
- some kind of a short term bottom, on Monday we should not see lower low

Levels to watch SP500:
- 1622 bellow that level stay short(intermediate term)
- 1600 above that level bounce has begun, and short term long signal will be generated
- 1560-1550 first target lower(intermediate term)

Levels Xetra DAX:
- 7770-7780 - is support, I expect a bounce from this level
- 7870 - is first resistance to the upside
- 8070-8130 - the gap/strong resistance/MA50

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