Thursday, February 21, 2013

AAPL + S&P Futures

AAPL: Bulls' Final Stand was broken intraday and we're gunning for the 78.6% fibonacci retracement now. The Hourly RSI is close to becoming an extreme oversold signal, which means a quick trade on an intraday bounce. Overall, this chart is in a bearish intermediate term now. Stay nimble. See charts:




S&P Futures:
Extreme oversold signal, rebound first, then wait and see.