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Markets by Mike Paulenoff 4/9 - S&P and AAPL Front and Center on The Radar Screen

Tuesday April 9th, 2019
by Mike Paulenoff

S&P at Noon ET... 11 points off of last eve's high at 2900.00, but holding above key support at 2880.00.

Ahead of the PM session, all eyes on the interplay between ES and AAPL because the latter climbed to a new post-Jan. high at 202.55 today, which we see on my attached 4 hour chart is right up against the upper boundary line of the Jan.- Apr. channel, and as such, the next resistance zone (203-205) from where a reversal (into a correction) could emerge.

Should AAPL roll over later today, ES too will be increasingly vulnerable to downside continuation off of 2900 that presses beneath key support at 2880.00. Last in AAPL is 202.03/04... Last in ES is 2890.00

4 09 19 ES 4 Hr Noon GIF


Mike Paulenoff is author of, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!

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Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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