Jul 7, 2013


Short term signal: UP
Intermediate term signal: UP
Comment: the index broke finaly above MA50 so I expect at least 2-3 days more to the upside. This week will be interesting to see which scenario will play out. For now up is up.

Expected behavior for:
- the move higher is not finished - at least 1-2 days to the upside

Levels to watch SP500:
- 1640-1650 61,8%-78,6% retracement(X pink?) the minimum target
- ~1620 is now minor support the breakout - it should not be violited if the move up is not a fake
- 1598 is the next important support

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