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

Friday, November 2, 2012

AAPL (APPLE) UPDATE

AAPL (Weekly) Bearish 
  • AAPL in Bearish Fork
  • Right on mid-line
    • Break below 560 would be very Bearish
    • Next stop below 560 would be 460 range
  • Could get a strong bounce off mid-line (Most likley NOT)
    • Break above 680 would be very Bullish