Wednesday, February 13, 2013

AAPL + SPY Technical Review

AAPL - Last night, we expected a pullback to $473 and saying that it is imperative for 473 to hold, but the figure could be adjusted to 465 if new signals arise. Well, we have the signals, and the absolute must hold figure has been adjusted to $460. Anything lower would yield a very low probability for the next up wave. Holding $465, would yield a higher probability than $460 based on relative strength. See charts:





SPY - Same thing again, bullish pattern still with a scalp short signal added.