AAPL

As you know last week I was looking for a move in AAPL that would set up a probable head fake reversal, we had a small head fake move Monday leading to a waterfall intraday sell-off of -2.2%. Friday AAPL closed within $.04 of the new closing high, while I have no idea what the close will be yet, AAPL has managed a new high above the intraday, psychologically, this is what I want to see, price strength that will draw the bulls in...

Here's AAPL this a.m.,  outperforming the broad market on this gap through both the intraday and former closing high.  The SPY last week was also in striking distance, a move through resistance would be helpful in the SPY, but not absolutely needed, AAPL should be enough. Time to pay attention to AAPL and look for the signs of a head fake move...