sp'weekly8
Summary
*I am trying to be more focused on the bigger picture, which is always a bit of a struggle, not least when the price action is relatively minor.
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So...my line in the sand is 1864/62...if we see the 1850s..I'd be somewhat spooked.
Opening price action...
black candle on the VIX, with reversals on the indexes.... bullish.
special note...weekly 'rainbow' candle turned blue around 1877...and so I'd at least like to see a weekly close above that.
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It is notable that the upper bollinger on the weekly is now offering 1907...and if the market does rally, that could rise to the 1910/12 zone by late Friday.
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Notable strength..AAPL
The 7 for 1 split is just 2 weeks or so away, and as some might agree, the first obvious target would be $100, which would indeed be the equiv' of a new high.
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Long week ahead...
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10.39am.. Trans/R2K, both pushing upward...with the Trans close to a new historic high, which is certainly not exactly bearish..is it?
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