Three Charts, Three Levels ($SPY, $IWM and $AAPL)

$SPY has approached it’s 78.6% retracement of yesterday’s rally:

SPY

$IWM has approached its 50-61.8% retracement (little orange box):

IWM

So goes Apple, so goes the market, and $AAPL has approached the same as the Russell.

AAPL

The bear in me would love to get bearish, but until we take out many prior lows, it is difficult for me to do so, despite many analysts predicting a significant correction being upon us here. My projections remain that we will head up to at least these upper orange boxes.

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