sp'60min
Summary
Clearly, if we break the lower channel..which at the close would be <1695, then its possible we've already topped out on this 7 week up wave.
As it is, I'm guessing no. One further push upward, and those sp'1720s look just about viable by late Wed/early Thursday.
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I remain...in no hurry.
*first downside..once I do get short, will be the rising 50 day MA...in the sp'1660/55 area.
That will suffice for an initial minor'1 lower.
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AAPL, remains an interesting one..not least with it having hit the 200 day MA today.
Perhaps another hit tomorrow in the 470/75 area..before a major fail/rollover, which would sync up with the main market.