AAPL, GOOG, SPY and GS Update

AAPL: If breaks below $419, then immediate targets are $409 and $400. Very clear bearish setup. Earnings on 4/23

GOOG: Still stuck in downtrend channel, waiting for price to trigger a clear direction. Earnings is on 4/18.

SPY: Intermediate bull trend at serious trend, testing the daily trendline for the second time. Bears must make a lower high on daily to confirm any downside or else market may get stick-saved once again like previous incidents.

IWM made a lower low today, small caps leading the relative weakness breakdown.

GS: Hovering around trigger line, waiting for a clear pattern as earnings is tomorrow.

AAPL, GOOG, SPY and GS Technical Analysis

AAPL: Apple has a lot to prove, don't get stuck by the levels, stay nimble.

GOOG: We're now back at the top of the downtrend channel.

 

SPY: Violent breakout above trigger, bears had to buy to cover and made a violate squeeze and relentless buying feedback loop.

GS: Violates the intermediate downtrend because we closed above our 148 trigger line from 2 weeks ago. Now, in neutral to slight bullish mode.

GOOG, SPY and Goldman Sachs Technical Analysis

GOOG: Bulls continued today so the 20EMA 60min target has been reached. Now,we can resume downtrend when price breaks below $773. The last staircase target left is $757, with 100 day SMA currently at $750.

SPY: Key time for bears tomorrow, must make a reversal candle or at least a doji.

Goldman Sachs: Inverted head and shoulders measure move was reached.

GOOG, SPY + ES and GS Technical Analysis

 Staying competent, market has potential to squeeze higher if prices continue to remain above key support levels. Don't get trapped, stay nimble. Try to keep bias out the door.

GOOG: Minimum $25 downside swing is considered reached. Bears did great, we're a bit oversold on hourly now. Intermediate trend is still down, next major supports are 757 and 100 day SMA. See charts:

SPY: Fast and furious rally, looking to fade this fake bounce when price confirms in real time tomorrow.

ES: Very clear setup for both sides, bears must fight back or else new highs incoming.

Goldman Sachs: Waiting patiently to strike

AAPL + GOOG, GS and Gold

AAPL: $419 support has been reached after it broke below 426. It now has a double bottom potential based on the hourly bullish hammer close. If down below 419, next supports are 409 and 400.

 GOOG: Immediate target has been reached and we managed to close below 790, very good. We will be looking to enter shorts again after the rebound to $787 and then possibly 792 region.

 

GS:  Same thing like GOOG, waiting to re-enter shorts after the oversold bounce

Gold: Bullish hammer candle on weekly, which means potential temporary bottom . It needs continuation next week to serve as a confirmation.

Edit 10:20PM, added missing GOLD charts

Google Technical Analysis

GOOG: We were expecting a few more days for this setup to arrive to us, but sometimes the market gives us good surprises. We're currently at inflection point so it's key time so we have to be flexible. GOOG needs a close below $790 for final confirmation for the bearish thesis for a potential minimum swing of 25 dollars.

AAPL + GOOG and Goldman Sachs Technical Analysis

AAPL: Approaching it level by level, don't get trapped. Intermediate trend is still bearish.

GOOG: Still shaking around $805, it is a good day trade vehicle. Stock needs time to figure out its swing trade setup though.

Goldman Sachs: First target has been reached. Let's see it retrace up a bit first since we touched the lower channel trendline today.

AAPL + GOOG Technical Analysis

AAPL: Not good, decisive breakdown below trendline and no intraday bounce even with Extreme Oversold Signal. Hourly RSI is at historic lows, so the probability has increased, but we could stay embedded in oversold zone and just grind lower. Stay nimble.

GOOG: Reversed at bottom of channel support, now it looks like it needs time to shake/regain support at around $805.

AAPL and GOOG Technical Analysis

AAPL: High probability for an immediate intraday reversal on Monday based on Extreme Oversold Signal. Intermediate term is now bearish again. Stay nimble.

GOOG: High probability for an immediate intraday reversal on Monday, because it's getting close to Extreme Oversold Signal and near the $785-790 Major Support region.