Tuesday, March 12, 2013

AAPL + Dow Jones and SPY Technical Analysis

AAPL: Intraday breakout to the upside, took 4 tries to finally break above $435. The intermediate term is still dominated by bears until price says otherwise. Stay nimble for easy intraday trades. See charts:




Dow Jones: Extreme Overbought Signal is here, that means immediate intraday reversal becomes a high probability possibility. Stay nimble. Obviously, the intermediate trend is still bullish.



SPY: Extreme Overbought Signal is here, that means immediate intraday reversal becomes a high probability possibility. Stay nimble. Obviously, the intermediate trend is still bullish.