AAPL came down to the bottom of the broadening formation. If we gap lower tomorrow, I think it will be a head-fake. A bounce to 1 of 3 targets should take place.
(1) 114.5
(2) 116.5
(3) Top of broadening formation
If AAPL can hold support area between 108-113 it will test the resistance area between 124.5-128. If price breaks through resistance and holds the we have two initial targets of 133 and 146
SPX is up 18 points on the day currently... However equal weighted SPX is red for the day. The few are doing the heavy lifting and should they roll over we could see quick acceleration to the downside.
Looking for price to continue lower early next week. I could then see a bounce to break back over 3238 towards 3255-60 area before a much deeper correction
Potentially early next week a pullback under the 40 level. Then I will be looking for another advance higher. The dollar index is showing divergence and may have a bounce early next week putting downward pressure on SPX GLD GDX
