October 6, 2012

APPLE Weekend update


  • Apple weekly chart shows crucial support at 644. Falling below this line may take price towards middle bollinger band.
  • Daily chart shows price closing below 50 SMA. Breaking the support line shown in 2nd chart may extend correction.
  • Last chart shows Correction after RSI and price Negative Divergence. RSI has fallen below 70% line a bigger correction only if the up trend line gets broken.
  • S&P 500 ANALYSIS AFTER CLOSE
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