Oct 16, 2013

Signals

Short term signal: UP - it will turn down bellow 1696
Intermediate term signal: UP - it will turn down bellow 1696
Comment: Today we see the push after the problem has been "solved":). Now we will watch what happens in the next 2-3 days. For now we stay bullish.

Watch price behavior for clues:
- another leg lower - move lower breaking bellow 1680-1685
- move higher - pullback should stay above 1685

Levels to watch SP500:
- 1740 - resistance
- 1710 - resistance
- 1670-1680 - support level
- 1627 - support level

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