ES and AAPL Front and Center on The Radar Screen Today

ES 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
4 09 19 ES 4 Hr Noon GIF
4 09 19 AAPL Noon GIF
4 09 19 AAPL Noon GIF
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!