The SP500 came down and retested the 1220 for support and now it is attempting to break above the 1260 H&S neckline once again.
The Nasdaq 100 has been consolidating between the 200 SMA and the 2368 resistance. It looks more of ‘when’ rather than ‘if’ it will break toward a new 52 week high above 2438.
The Russell 2000 also has been holding up well, and it appears to be in position to continue it upward move.
GLD, the gold ETF is continue to gap up toward filling the 173 gap.
Silver ETF, SLV appears it will not give up on filling the September gap. Watch for possible squeeze when it breaks above the gap and make a move toward 38.
AAPL has been consolidating between 391 and 409. A shakeout near 391 could occur before it goes on breaking the 409 baseline. If that occurs, it could present a nice swing trade to 409. Continue to monitor 391 and 409 price level.
