A new idea is presented now that we're out of the downtrend pitchfork. The basic idea is this - we should get a pullback and then rally up to about 4300 by mid to late January. I could be totally wrong, but with the gaps above and the confluence of technical indicators around that level, I'm betting that will be the case. In other markets this week, Oil still looks like it wants to get to 70 or lower, and BTC is trying to hold 16500 but it looks weak as of now. Needs to get over 17k for a more significant bounce.
Good luck and have a great weekend!
Good luck and have a great weekend!
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futures selling down at open, if it's a gap down tomorrow, I think the C/ of the B leg has begun.
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the gap on futures never got filled, so it's possible they try to fill it today. I would be surprised to see them let longs out so easily, but it's possible. Any bounce will likely be sold into. I'm wrong if they get over 4030 and will update if that's the case.
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AAPL support level now resistance, again I doubt they allow the bulls out so easily today.
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at 3920 area there is a confluence of MA support, I think we get there by tomorrow or wednesday.
