AAPL + SPY Technical Analysis

AAPL - We had a classic limited range day just like anticipated, Apple still relatively easy to trade intraday when compared to SPY. Lets cut to the chase, the next 3 trading days is very important for the bulls (Feb 15, 18 and 19). As long as Friday's closing price is not decisively  below $460, then on Feb 18 the bulls would have a high chance of a run up. However, in order to have a final confirmation of a LARGE leg(higher high to 500+), this must be followed by a Tuesday continuation run. Typically, Fridays are continuations of the week's current pattern and Monday is a new trend/direction with Tuesday being the final confirmation day. Same limited range as yesterday for Feb 15, $460-475. Stay nimble. See charts:

EDIT 9:00AM EST: Oops, Feb 18 president's day, so Feb 19+ 20 are the important days for bulls :)

SPY - Bullish pattern intact