Today we have looked at a breakout of the inverse head and shoulders that yeilded some strong buying. We also modified our resistance level on our channel, to a stronger and potential reversal price point. We remain having a bearish bias, especially as the SPY heads towards $94, and we believe that the bears have not yet piled in. Furthermore, we look at AAPL and talk about how obvious the chart is, and how the stock would give us a hint of what there is to come in the markets. Bond yeilds rose, but the fact that they are so incredibly low and the stock market making new highs has gotten us worried about this rally.
<< Back to article
