Tuesday, February 19, 2013

AAPL + SPY Technical Analysis

AAPL: I've waited a week for this setup, these two days will be the moments of truth (Feb 19+20), as it will determine whether we're going for the second leg up (485+) or the retest of the bottom. Stay nimble. See charts:




SPY: The chart is still bullish even though bears had made some progress on Feb 15. Overall, AAPL is still easier and more profitable to trade than SPY at the moment.