quick note on es swing low 1068 + possible swing high 1377.25 / 2 is 1222.62. Not saying it goes there but be aware of this, not a bad place for a lottery ticket.
Going over the number lines and they remain negative across the board. As you all remember, the number lines were NOT confirming the market strength when we got up to 1370 in the ES and that was made me think we were going to pullback or at least consolidate. The old Maver mentioned 1342 in the ES as the first target being that is the monthly A down and sure enough we closed right there! The NQ is holding up the best and the Russel 2k looks like crap. Great spreading opportunity there for all you closet spreaders out there!
Here are the levels for AAPL. We bounced off the weekly A down today at 519. Upside potential target for the week is now 555. The monthly A down is 526. We failed there and the monthly target on the upside is now 561.
Other action today, Crude Oil bounced off the monthly A down at 104.29. The upside target for the month is now 112.81. Gold bounced off the monthly A down at 1656. Upside potential target is now 1766.
Joe Terranova and Mark Fisher will be in Chicago tomorrow for some event. Anyone know what that event is?