AAPL - working on gaining Channel Reverse GPprofit taking early has been the pattern, will this continue with the Apple Event today? Being open to this day being a catalyst for a bull run, or a buy the rumor sell the news if the products fall flat. In this case, price action and the tape are the keys for play. watching for back tests and volume
Diamond
SPX500 - watching reaction to Kite 5 Upper BoundSPX500 made it to the buy zone (red oval) and bounced. The pattern has picked up what looks like a retrace slope in blue. Looking in the charts for inverse H&S set-ups to start the rally. The AZN news dampened what was set-up to be a rally fueled by potential covering.
SPX Scenario Planning The Blue line is what happened in June. The first leg down's slope was a match. Many times the diamonds do not repeat in their entirety. This is to show scale of historic moves. Mid term I am expecting chop, then a resumption of the higher prices. I will need to see confirmation - 4 hour trend change.