See charts:
SPY - It is still the same bullish pattern, but can't trade it mid term wise yet. Could only do intraday trades, but not worth the time compared to AAPL.
Tuesday, February 12, 2013
AAPL + SPY Review
AAPL - Managed to reach the higher target of $485 today. This is showing relative strength, however it is important to note that we are on the verge of touching the downtrend line from 705. This means that a scalp short intraday trade will be in the works momentarily. Now, this is the key part, as of right now the signals say that the pullback cannot decisively break below 473 or bulls would not be in a high probability scenario. [This number could be adjusted to 465, IF I see another signal, but right now it is imperative for AAPL to hold 473]
See charts:
SPY - It is still the same bullish pattern, but can't trade it mid term wise yet. Could only do intraday trades, but not worth the time compared to AAPL.
See charts:
SPY - It is still the same bullish pattern, but can't trade it mid term wise yet. Could only do intraday trades, but not worth the time compared to AAPL.
