Tuesday, October 2, 2012

Intraday update for 2-10-2012




Intraday update on the markets! First thing I notice here is that JPM, AAPL  and GOOG are weak! We did saw some nice drop on the spy, this is making a micro bull flag on the 10 min chart and a macro bear flag . The only problem with the bull flag is that 2 MA’s are just above! The other thing is the low volume during the midday it’s hard to sell the markets!
My support area for the coming hours on the spy is 143.70$, 143.50$, 142.96.
My support on Google will be 751-750$.
My support on apple will be the 649.50$ 


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