Signals

Short term signal: UP - it will turn down bellow 1762
Intermediate term signal: UP - it will turn down bellow 1740
Comment: Short term I am not sure, I think we should see one more leg lower to finish the pullback, but that it is not sure. We could see another ATH with divergence before a correction. Anyway it is not important because it is too early for short trades.

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

Levels to watch SP500:
- 1730 - minor support
- 1710 - important support level