Added a few momo indicators to AAPL. Shows that more upside is in the offing as the divergences need some time to dissipate. I would caution against getting into Long position at this moment. As a matter of fact, I expect AAPL to turn down and touch the black MA line (10 Day Daily SMA).
Comment:
Very close to the 10 Day SMA. A kiss tomorrow and then up, up and away. SPX and NASDAQ are heavily influenced by AAPL. As goes AAPL, so goes the market. I am ready for the long side on AAPL.