AAPL - It was an incredible week for us, Friday managed to closed at $474.98 with an intraday high of $478.81. This strength bodes well for our target at $480-485, which could be reached on Monday Feb 11 with continuation pattern. Last night, I said closing above 20EMA on the daily chart on a reversal wave would be a major obstacle, which proved correct. We closed 31 cents below 20EMA today. See charts:
SPY - Still a bullish pattern, made a higher high today. Don't have a mid term trade on it, can only day trade it. It's important to note, Monday sometimes serve as New Trend starter days. As long as we don't break below 149.50 decisively, Bulls are in control.
Cheers to those that traded with us, a +1000% week.
