Oct 30, 2013


Short term signal: DOWN - it will turn up above 1770
Intermediate term signal: UP - it will turn down bellow 1740
Comment: Someone surprised????? The price is still above EMA50 on the hourly chart and above minor support, but with histogram divergence on the daily chart and MACD divergence on the hourly chart the probability is higher, that we will see at least a pullback.

Watch price behavior for clues:
- bearish scenario intermediate term top - we will see a move bellow 1710
- bullish scenario short term top - pullback should stay above 1710

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

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