Dec 2, 2013


Short term signal: UP - it will turn down bellow 1800
Intermediate term signal: UP - it will turn down bellow 1795
Comment: We did not get the answer today. The price is playing with the trend line and support 1800, but the charts are looking toppy...
Tomorrow is heavy POMO day... I do not know if we will see this final 5-th wave for a perfect pattern. Often the patterns are not perfect, or it will be too easy.
If SP500 opens tomorrow bellow 1800 I will bet, that a pullback has begun and POMO will lead only to a test of the broken wedge trend line. If is

Watch price behavior for clues:
- intermediate term top - at least two consecutive down days of strong selling breaking bellow 1775.
- bullish moves continue higher - any pullback should stay above 1775.

Levels to watch SP500:
- 1745 - minor support
- 1715-1730 - important support

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