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Thursday, November 15, 2012

11/15/12 - EOD Update

SPX- 60 Min 
Not much to add from yesterday. Can't say for sure if {iii} is subdividing further down but we should be mindful of it.

Watching for the potential +ve MACD divergence here.

AAPL
AAPL has already hit the 2.618 extension target. 522 was hit as anticipated back on 11/2.

AAPL - Weekly
Does she find temporary support here or does she drop a little further towards the arbitrarily drawn pink TL to form a down sloping neckline before a bounce?
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