- Bulls are getting support at 100 Period SMA of four hour chart as shown in first chart. Bears need to break this level for extending gains.
- Second chart shows immediate price support levels.
- Last chart shows Fib support levels.
- APPLE CHART UPDATE
March 19, 2013
- SPX Daily taking support at 23.6% Fib level.
- Second chart shows price testing middle line of the ascending channel. Price has to close below this line for bears to have a correction towards 1530 levels initially.
- Weekly chart shows negative divergence with price and rsi. RSI falling below 70% line may give a bigger fall.
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