FXI trade, I placed yesterday shows great promise after surprise rate hike of China, which was announced early in the morning. If the S & P 500 (SPY) could follow suit, it would now be a wonderful day.
The gap closed in AAPL so now I think we could start to see the decline, which we have the bears anticipating. Range $ 116.72 still acting as a strong area of support (hit it again this morning) so it would be the first obstacle.If SPY can manage to push through the area then I suspect that we could see a decent transition to downward. But if the market is in a position to pick back up and move above the range $ 118.70, I think all the bearish Bets.
I have so much to say, but not enough time now, so stay tuned properly I'll be back later today with the posts more.
Best,
Andy
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