2pm update - waiting for the cycle to rollover

Whilst prices peaked a few hours ago, the MACD cycle is yet to level out on the 60min cycle. We may see the first sign of the cycle rolling over in the closing hour.

SP'60min

Still waiting for a break below the red (10MA) line, bears really need a close under that.

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*special note on AAPL

AAPL, daily

There is NOTHING bullish about the near term trend. The maniacs are still buying though, first bounce level would be 595 (10MA), but the immediate downside is 490/500. AAPL will be entertaining to watch at the close, but in trading terms, is arguably best left alone!
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