Monday, June 27, 2011

AAPL

AAPL looks set to lead the pullback on the NASDAQ 100 which has outperformed the other averages today by a comfortable margin.

 AAPL 1 mn

AAPL 5 min

 The NASDAQ 100/QQQ right at resistance

 The DIA needs to move past the gap and through resistance

The same thing for the SPY.

For the maximum effect as far as a short squeeze goes, t would be most beneficial for all of the averages to break across resistance together so it's a broad short squeeze and not just a tech rotation.

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