Wednesday, February 27, 2013

AAPL + DJI, SPX, ES Technical Analysis

AAPL - Watch for key resistance of $455, to determine whether this hourly bullish divergence bounce is real or not. If no bull continuation tomorrow, then resume bear channel. See charts:



Yesterday, we said that the Dow Jones is a leading indicator this week so we kept a close eye on it. It validated itself in real time when we watched the intraday bottom formation that had a bullish divergence signal with price confirmation.

Intraday signal charts:



 ES pattern target: