If bulls can hold previous lows (on closing basis) and regain 525, our view might be wrong, at least for the short term.
Sunday, December 16, 2012
AAPL - Nasty chart
A divergence between price and Weekly MACD is a strong signal. Under 604 one should expect the worst...
SPY - Forget the cliff...
A divergence between price and Weekly MACD is a strong signal...
First close under 10 days e.m.a. since 19/11/2012. Looking down if price does not regain Thursday close (142.63).
This leg down is still very similar to the previous "healthy ones", so stay away from the short side above 143 and perhaps right above 142.63 (if you have an "aggressive profile).
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