Tuesday, March 19, 2013

AAPL + Emini S&P and GOOG

AAPL: Bulls managed to close it above $448, we need one more close above it as discussed yesterday in order to confirm the intermediate trend change. Hourly RSI and MACD are close to an Extreme Overbought Signal, so if we gap up tomorrow then it's a high probability trade for an intraday reversal. We should get the answer to the intermediate swing setup in the next few sessions. See charts:





Emini S&P:   We got the oversold bounce, now we wait for clear direction. Intermediate term is still bullish, but just a potential top in the forming.



GOOG: Buy the dip area is here