Tuesday, March 5, 2013

AAPL + Dow Jones, GOOG, SPY Technical Analysis

AAPL - Intermediate term: Price continued to slide with the continuation pattern, bears are still relaxed and enjoying the ride.
Short-term wise: if we have a large enough gap down tomorrow, we anticipate an immediate intraday reversal. Obviously, $435 is a major resistance now (the Major Support that AAPL broke below) so bears must defend this region. See charts:



Dow Jones - Key time for price to confirm a higher high. Key price to watch is 14020 if bears launch an assault.


SPY - Same position as the Dow, price must break above resistance or else it could get red real quick


GOOG - Very good, it was a clean breakout with the price confirmation above our price condition. Now, here's the potential target with price channels: