The market continues to make lower highs and lower lows but also appears to be wedging. If the bulls want a shot at the 1474 high, they need to get moving soon here.
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| SPX - 3 Min |
Green and Orange moving right along. Wave (c) of ii orange is nearly 1.38 * wave (a) of ii.
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| SPX - 60 Min |
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| AAPL - 60 Min |
AAPL is extending lower. Note the 2.618* extension target.
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| AAPL - Weekly |
The weekly shows that short term support may hold at 570 before a bounce. After that bounce, we'll have to see if it truly is a right shoulder before heading lower to 520.
Have a great weekend!
