- APPLE Monthly chart shows the Bullish Doji still valid But followup price action is sluggish. Price has to sustain above 465 for a bigger up move to follow.
- Weekly chart too looks bad for bulls. Up move from 385 has not moved up much while the indicators are fast reaching overbought which is usually bearish.
- Daily chart needs to hold above 50 Day SMA and Ichimoku cloud to avoid a bigger correction. First sign of weakness on daily close below 50 Day SMA.
- S&P 500 WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 8, 2013
APPLE Weekend update
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