Nov 21, 2013

Signals

Short term signal: UP - it will turn down bellow 1784
Intermediate term signal: UP - it will turn down bellow 1776
Comment: No confusion now:) The pullback lasted longer and deeper as expected. The price(SP500) broke bellow the trend line and EMA50 on the hourly chart, but did not trigger sell signals. For a moment I was not sure, but at the end it is just a pullback. Back to the original idea from the weekend pullback and higher high.

If this is the right scenario the next target should be around 1810.

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