Thursday, February 9, 2012

Intra Day Look at Apple Price Action (AAPL)

As you can see over 485 a fire was lit under apple.. This fire fanned by the ES_F bouncing off 1341ish which is roughly 10 handles from pre market highs over 1352... Index's are indeed shaky up here but from the chart below you can see how resilient apple is.

From the chart you can see 495 is immediate resistance & 490 moderate support with a serious seller up @ 495.. Though if the seller is exhausted 500 could be a few trades away.

1 min AAPL