Signals

Short term signal: UP? - it looks like we have short term reversal up, but it must be confirmed tomorrow with opening higher.
Intermediate term signal: DOWN - still considered down, decreasing volume to the upside and bars with upside tails
Comment: the same story as yesterday - the price is testing MA20/MA50 and the resistance level 1624/the gap/50% retracement.... and failed again.

Expected behavior for:
- sell off resumes - sharp move lower should begin
- the move higher is not finished - choppy reaction lower(currently we see this)

Levels to watch SP500:
- 1640 61,8% retracement X pink?
- 1624 the gap - 50% retracement X pink?
- 1598 is now support
- 1582-1585 support, must hold if the low is in.
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Levels to watch Xetra DAX:
- 7870-7840 - is support for the short term move down
- 7910 - is first resistance to the upside
- 8070-8130 - the gap/strong resistance/MA50