May 17, 2012

APPLE Support and Resistance levels

ONE HOUR CHART
  • Apple Testing 38.2% Fibonacci level and price is also trading near 100 Day SMA.
  • Hour chart is trading below the hourly cloud which will continue to favor bears. 
  • If 100 Day SMA gives support an up move is possible. 
  • S&P 500 ANALYSIS AFTER CLOSE


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