Big Picture

SP-500 (Weekly) Bearish

• SP-500 in Bearish fork
• Bear Points
• Broke mid-line 
• MACD Bearish
• Break below 1250 would be very bad for the bulls
• Bounce is due to the 1370-1400 level
• Break above 1405 would be Bullish
• Break above 1450 would end the Bear fork

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