Weed stocks have been selling for a while now. We are almost done with selling per chart. Normally, buying and price picks up here. It will not be a rocket ride up as price will consolidate. However, this is a good place to start accumulating a position. Caveat Emptor.
Bullish move to 4065 SPX and then a drop of about 88% of this upswing. Like it has happened previously. Most likely. However, there is a bearish possibility where we fall immediately. I will post that chart in the comments.
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).
Divergences in the momo indicators. I am thinking a deep pullback to 200 Daily SMA, the red MA on the chart. Nicely lines up with SPY in the previous idea. Either all of these indexes will honor the divergences or none will. What do you think?