The U.S market will be close on Monday.
Since this is a 3day weekend, I will do more review of the charts. Any changes/additions (though unlikely) will be made over the weekend but NOT after 2pm EST (New York time) on Sunday.
For Tuesday's trading:
Look for another narrow range small down day of about 2points closing at 1359 (with a low of about 1357) on the SPX. This will set the stage for a rally on Wednesday (if Tuesday plays out as expected). So, base on Tuesday's price action, a bullish play can be made when SPX gets to 1357 in order to take part in any overnight gap up going into Wednesday (aggressive).
AAPL(currently at 502) looks ready to bounce back to 520-525 after a small down day on Tuesday. So, look for the bounce to start on Wednesday. I will post a chart after Tuesday's close if the setup is still intact. But the big picture is bearish. The AAPL bubble is about to burst. I'm not interested in the drop at this time. (See chart below for more info)
SPX-WEEKLY
SPX-DAILY LONGER TIMEFRAME
SPX-DAILY CLOSING PRICE LINE CHART
SPX-DAILY
SPX-30MIN LONGER TIMEFRAME
SPX-30MIN SHORTER TIMEFRAME
SPX-5MIN
AAPL
