Jul 8, 2013


Short term signal: UP
Intermediate term signal: UP
Comment: I am still not convinced... but for now up is up.

Expected behavior for:
- move higher - worst case narrow range body candle staying above 1625 and another huge green candle
- pink X is soon over - best case one final surge to ~1655 for a divergence

Levels to watch SP500:
- ~1655 78,6% retracement(X pink?) the next target
- 1620-1625 is now support the breakout - it should not be violated if the move up is not a fake
- 1598 the major support now

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