Tuesday, February 5, 2013

AAPL (Opportunity in the works) + SPY


AAPL: It looks like a huge opportunity in the making, my bias sees a large reversal coming up. However, this time it is not a must oversold bounce like the one I called on Jan 27 [immediate reversal intraday if Jan 28 gaps down]. It was easy to bottom fish last time, but now the challenge is significantly harder.

See AAPL charts:



SPY: Top formation, immediate target is 148-148.15 if continuation continues.