Wednesday, January 30, 2013

AAPL + SPY

AAPL - Tried to gun for $465 in the morning, only made a higher high @ $462.4. Managed to closed above $455, but below 20EMA 60min. Overall, just a consolidation pattern, not much changed. For bigger meat, we have to wait for the next high probability trade; patience pays off.

Next trendline support level is 450 if 455 breaks.




SPY - Temporary top, needs continuation tomorrow for confirmation or else it's merely just a consolidation for higher up.