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Wednesday, January 13, 2016

AAPL Update

Further to my post of December 9, 2015, AAPL has nearly hit its first downside target of 95.00, as shown on the following Weekly chart. We'll see if 85.00 comes next. 95.00 is a major support level, so if that's broken and held, we may finally see the SPX, DOW & NDX plunge.


There is no bullish reversal Heikin Ashi candle, yet, on the following Daily chart of the E-mini Futures Indices, which suggests that further weakness is in store for the equity markets.