Saturday, November 10, 2012

WEEKEND UPDATE

SP-500 (Weekly) Bearish

  • SP-500 still in Bearish fork
    • Bullfork mid-line about to take place at 1360
      • Break below mid-line would be VERY BEARISH
      • Next major support is at the 1260 range 
    • Break above 1405 would be Bullish
APPL (Weekly) Bearish

  • Apple still in Bearish fork
    • Broke mid-line is very Bearish
    • Next major support is 200 weekly moving average (460)
      • Break below 460 would be VERY BEARISH 
    • Break above 580 would be Bullish
  • Whatever way Apple goes, the market will follow
    • Apple will test 600 and then head back down