Oct 24, 2013

Signals

Short term signal: DOWN - it will turn up above 1755
Intermediate term signal: UP - it will turn down bellow 1730
Comment: Not very convincing the bears, but as long as the price does not move above 1760 the risk stays to the downside.

Watch price behavior for clues:
- bearish scenario - toping in the next days and move bellow 1710
- move higher - pullback should stay above 1710

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

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