Tuesday, May 7, 2013

AAPL, SPY and GOOG Technical Analysis

AAPL: $460 target has been reached, relatively easy ride so far when compared to previous rallys that resulted in no continuations. Next target is the 100% retracement level at $469.95, however this is the area where most people get trapped so stay careful. Do not become complacent. Explanations are on the charts:



SPY: No surprises, just boring old consolidation for moving averages to catch up. Patiently waiting for the 20EMA hourly retest still.


GOOG: Very nice bulls, we may get a Fast and Furious Fade Setup tomorrow if price confirms a breakdown. Until then, this is up up and up because there's no predetermined resistances anymore and greedy people would chase the price up.