Sep 30, 2013

Signals

Short term signal: DOWN - it will turn up above 1687
Intermediate term signal: DOWN - it will turn up above 1687
Comment: Push lower as expected. I think short term bottom is around the corner...

Watch price behavior for clues:
- top is in and leg down has begun - sell off continues and we see technical damages - move bellow 1670.
- a rally higher underway - not more than a pullback to support 1675-1682 and another move higher.

Levels to watch SP500:
- 1710 - resistance
- 1675-1682 - support level
- 1627 - support level
- 1598 - is major support.

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