Monday, 9 March 2015

3pm update - iWeakness

With AAPL turning red (ohh the humanity!)... the broader market is looking similarly vulnerable. Price structure is a clear bear flag.. equity bears should be content with any daily close <sp'2080. Metals remain weak, Gold +$2.  Oil is slowly cooling from earlier gains, +0.7%.


AAPL, daily


... suffice to say... with AAPL turning red... the momo chasers have a real problem across the next day or two.

Holding to primary downside target of the 50dma.

... updates into the close...