Oct 22, 2013


Short term signal: DOWN - it will turn up above 1755
Intermediate term signal: UP - it will turn down bellow 1712
Comment: This should be at least a short term top - intra day reversal and bearish candle, A/D issues and Put/Call ratio hitting extremes. NFP is like FOMC very often it marks top or bottom. If I knew that it is today, I would wrote in the weekend review to expect short term top today.

Watch price behavior for clues:
- bearish scenario - toping in the next days and move bellow 1695
- move higher - pullback should stay above 1695

Levels to watch SP500:
- 1750 - resistance
- 1710 - minor support
- 1627 - support level
- 1597 - major support level

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