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| SPX Daily |
We are seeing another pull back from that 1455-1465 area. If the bulls can't hold the 50day SMA level (1425ish), then 1400-1415ish would be the next potential support area. Sentimentrader short term indicators look ripe for buying.
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| AAPL Daily |
AAPL pushed down to the 625ish level today and found some buyers. You can see on the daily chart that it's at an interesting spot here. It's looking ripe for a bounce back up towards the 50day SMA (655-660). If it just continues lower tomorrow, the next level of potential support is that 600-610 area.
Naz futures traded its highest daily volume in the December contract today. That kind of volume push on a daily chart typically marks a turning point (at least temporarily).... which is another reason I'm leaning towards an AAPL bounce here.
