Wednesday, April 24, 2013

AAPL, GOOG, SPY and GS Update

AAPL: If breaks below $419, then immediate targets are $409 and $400. Very clear bearish setup. Earnings on 4/23GOOG: Still stuck in downtrend channel, waiting for price to trigger a clear direction. Earnings is on 4/18.SPY: Intermediate bull trend at serious trend, testing the daily trendline for the second time. Bears must make a lower high on daily to confirm any downside or else market may get stick-saved once again like previous incidents.IWM made a lower low today, small caps leading the relative weakness breakdown.GS: Hovering around trigger line, waiting for a clear pattern as earnings is tomorrow.
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AAPL, GOOG, SPY and GS Update Images

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