heres a weekly level i would be comfortable long

im really not interested in longer term buy situations in aapl or the like until we start confirming the broader trend reversal. im sensing that the general motivation for this follow up bounce is the corrective wave that similarly happened in the last monthly retracement to the upside. the bear market resumed then, and it could now as well. if bulls are going to use this trend to thier advantage i see that the only option is selling, and that goes along with the conjecture that we will see lower prices at aome point in the future "so why not now".
bearmarketbiasChart PatternsforecastindexTechnical IndicatorslongtermreversalSPX (S&P 500 Index)Trend Analysis

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