I'm on Holiday this week.
I'll still be tweeting charts.
Sunday, August 18, 2013
I didn't hear ANY pro's on TV or in the news saying buy Apple at $390. I was one of the few who said "Buy Apple on the yearly S1 pivot($390)" back in April and June. Now its back to over $500. My target is the yearly Pivot at $547. It could get there by the Sept. 10th new products announcement.
Posted by Jeff York at 1:21 PM
The S&P 500 had a big gap down last Thursday(the bigger the gap, the bigger the trap). It closed the week below the monthly pivot point. Next area of support is 1650. A close below that will open the door for 1625 gap and monthly S1 pivot. Resistance this week is old support at 1665/1666 ish.
Posted by Jeff York at 12:48 PM