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Afternoon Update: SPX and AAPL


SPX is knocking on the door again after making a higher low this morning.

At least we had some time to adjust in the first hour.

If you didn’t cover like I did, keep in mind a close back above the 2352 – 2355 area could cause a bigger squeeze and make some money managers get more actively long again.

Take note there of the big elections this weekend. It is kind of cute how we are always at technical inflection points in front major events.

Apple (AAPL) is having its first day of strength in a while. I actually came in short but covered quickly.

Some traders flipped back long above $142 as AAPL tries to get above the 8/21 day moving averages to get some ‘active momentum’ back.

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