Saturday, October 27, 2012

Weekend Update

SP-500 (Weekly) Bearish 
  • Still in Bearish Fork
    • Major support at 1404
    • Break below 1404 would be Very Bearish
    • Next support would be 1390
    • IRS very over sold
    • Would be very careful if I was a Bear
    • Major pop could happen to the 1432 level
AAPL (Weekly) Bearish

  • AAPL in a Bearish fork 
    • Break below 580 would be very Bearish
    • 580 is the line in the sand for the Bulls and Bears
  • Watch AAPL
    • Where it goes the market will go!