February 24, 2013

APPLE Weekend update

 
  • APPLE First chart is the Weekly Time frame with 5 Week HIGH EMA. Only a weekly close above this moving average would confirm a weakening of the larger Trend.
  • Other two charts Week and Daily are showing Positive Divergence But price yet to show strength. 100 Week SMA and 50 Day SMA are crucial resistance levels in those time frames.
  • During Strong trending phases Divergences takes longer time to take effect that's what happening to apple now. 
  • SPX ANALYSIS AFTER CLOSING BELL
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