Market Breadth Data

Wednesday, December 17, 2014

$AAPL Pattern and Trend

AAPL is in a well defined daily downtrend with lower lows and lower highs but bouncing off the 50% retracement level:

A rise above $111 - $112 is needed to confirm a break out of the downsloping channel and the potential to turn this pattern into a bull flag..

$IWM Pattern and Trend

Russell 2000 has printed a well defined rounding top (inverse saucer) pattern: