Signals

Short term signal: UP - it will turn down bellow 1654
Intermediate term signal: UP - it will turn down bellow 1654
Comment: Now the intermediate trend looks up and stays up until we see something bearish or weakness. I do not think it will last too long but important are the signals and not what I think:)

Watch price behavior for clues:
- short term top is near - SP500 should find resistance around 1675-1682 and topping visible on the shorter time frames should start.
- a rally higher has begun - another 2-3 strong days moving above resistance ~1682

Levels to watch SP500:
- 1675-1682 - resistance
- 1645-1655 important area, congestion zone, now it is a support.
- 1627 support level
- 1598 is major support.