The short term charts are oversold now, and they are just working that off. There is now overhead resistance at 1145, and should stop the bounce we are now having.
A 0.318 fib retracement of today’s decline makes it to 1143.50, a good level for short with a tight stop. Another factor is this 2 o’clock rally we seem getting these days,are we going to get one today ?
Good piece of work RDL, you made the call yesterday, it followed your script perfectly so far. Now we need a lower low under 1132 just to be more comfortable. We need to take that tuesday’s low(1132.09). Don’t know if we can get it today.
As Apple climbs down, the market will follow…
APPLE Climbing down
The short term charts are oversold now, and they are just working that off. There is now overhead resistance at 1145, and should stop the bounce we are now having.
A 0.318 fib retracement of today’s decline makes it to 1143.50, a good level for short with a tight stop. Another factor is this 2 o’clock rally we seem getting these days,are we going to get one today ?
I think we’ll get it tomorrow Mike (or maybe into the close today?)
Good piece of work RDL, you made the call yesterday, it followed your script perfectly so far. Now we need a lower low under 1132 just to be more comfortable. We need to take that tuesday’s low(1132.09). Don’t know if we can get it today.
Thanks Jitsich…
I get one right every now and then 🙂
RDL,
Finally sum red on the screen. Love your work & effort.
Thanks San…
I got lucky on spotting those previous patterns on the daily, and was able to piece it all together this time.
@Leo
What you said about Thursday was perfect. So good so far
S&P 500 a bearish week candle in the making after the false breakout