My forecast over the next for the S&P has it going up and possibly making a high, but I couldn't figure out what the catalyst might be... could it be the falling dollar? partially... but now I see the AAPL chart and it looks like it's upcoming run might just carry the entire market up. Not only is there bullish divergence on the Daily Waves, there is major bullish divergence on the weekly. Unfortunately for AAPL and the rest of the market, it's 3W and Monthly Waves look horrible, so this will be the last jump up before a big drop.
It is possible that is still has to complete a H&S reversal, that might be the case because it is looking like it wants a small pullback. If it pulls back, I'm buying around $92 and hoping to see it run to the top of this channel.
It is possible that is still has to complete a H&S reversal, that might be the case because it is looking like it wants a small pullback. If it pulls back, I'm buying around $92 and hoping to see it run to the top of this channel.