Friday, August 31, 2012

10:38AM AAPL/Apple Technical Update

Bearish continuation as anticipated, need to wait for a solid confirmation to deem this as a buyable bottom. Plus it's a long week and Fed day, most likely won't execute a new trade until Tuesday.

AAPL 60min 100SMA considered to be filled
Awaiting signals/confirmations to indicate a solid bottom, or else this is just a temporary bottom





-Red Apple