Signals

Short term signal: UP - it will turn down bellow 1694
Intermediate term signal: UP - it will turn down bellow 1678
Comment: No change waiting for FOMC...

Watch price behavior for clues:
- top is near and leg down to begin - topping and sharp sell after FOMC.
- a rally higher underway - not more than a pullback to support 1675-1682 and another move higher.

Levels to watch SP500:
- 1710-1725 - resistance zone from different trend lines
- 1675-1682 - support
- 1627 support level
- 1598 is major support.