Jun 25, 2013


Short term signal: UP
Intermediate term signal: DOWN
Comment: we have a green day and a bounce, but I think it is early for a reversal.

Expected behavior for:
- not sure how exactly the bounce will develop

Levels to watch SP500:
- 1582 last minor low above that short term signal stays up bellow that down again
- 1598-1608 strong resistance, a move higher should not exceed this range
- 1622 bellow that level stay short(intermediate term trend)
Levels to watch Xetra DAX:
- 7770 - is support for the short term move up
- 7850-7870 - is first resistance to the upside
- 8070-8130 - the gap/strong resistance/MA50

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