Apple is the big cap moving markets as it is a component for major indexes - SPX, Nasdaq, OEX, etc.
Markets are trading near at pivotal juncture, and, with Apple earning report, will we see more market price manipulation to upside during the next week even if markets are overbought and showing N.D. for a few month?
This is a SPX monthly chart which is based on technical analysis -- the formation and the price action is indeed interesting and basic according to market cycle, in this case, more precise as noted it as "7-yr cycle", what we must keep in mind is that the fundamental does not support the current price actions since the March 2009 low. As noted, technical analysis is very easy to manipulate as we now have trillion funds pushing markets.
SPX monthly below - author unknown
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