S&P Futures: Possible rebound target, might be an okay risk vs reward trade using a tight stop at 1503.25. The higher probability trade would be to enter short at either 61.8% or 50% for the second leg down. Stay nimble
Friday, February 22, 2013
AAPL + S&P Futures
AAPL: It is still in an intermediate bear trend, 78.6% retracement finally hit and that renders the rebound from 435 to 484.94 as a dead cat bounce. Stay nimble, might be setting up for a mid term short trade. See charts:
S&P Futures: Possible rebound target, might be an okay risk vs reward trade using a tight stop at 1503.25. The higher probability trade would be to enter short at either 61.8% or 50% for the second leg down. Stay nimble
S&P Futures: Possible rebound target, might be an okay risk vs reward trade using a tight stop at 1503.25. The higher probability trade would be to enter short at either 61.8% or 50% for the second leg down. Stay nimble
