BAC_FITB_SDRL Updates

BAC: In a clear 5th wave that started in May 2014 and seems to be forming a nice Ending Diagonal with final "e" wave targeting the earlier highs.

FITB: Seems to be forming a nice Inverted Head & Shoulders pattern targeting recent high of 24. Wait for breakout above 20.72. 

SDRL: Either in a C wave or 3rd wave down. Follow the channels. 

AAPL-AMZN Updates

• AAPL: Resistances around 120-123 levels. 

• AMZN: Struggling to close above the trendline. 338-284 is the level for bulls-bears resp.

NOKIA Update

NOK: Good support at 7.7 levels. Long@ 7.7 with SL closing below 7.58. Reverse the trade below 7.58

Nokia - a year long consoldation

• Year long consolidation. Wait for a breakout or breakdown of the channel.

SPX Major 5 wave update

• SPX: In minor 5 of intermediate 1 of Major 5 of Primary 3. Resistances around 2042 for end of intermediate 1 wave.  Long term trendline resistance around 2070. 
• If intermediate 1 tops around 2040, minor 2 correction targets are around 1930-1905 (50%-61.8% retracement). As per trendlines, 11/07, 11/10 and 11/11 this intermediate 1 should end. Short ONLY after confirmation.
• 3 gaps left to be filled between 1900 to 2000. 

AAPL_AMZN Updates

AMZN: Technicals have been  week for quite some time now. Weekly close below 284, bears can rule. 284 is a strong previous support/ resistance zone and also the trendline support.

AAPL: Look for $112-113 to go short.

AAPL-BBRY-BABA-LNKD updates

AAPL: Near Fibo target of $110 and resistance trendline.

BABA: In final 5th wave nearing target zone of 104(1*wave1) -109.8 (1.618*wave1)

BBRY: In a large triangle pattern.

LNKD: Closes above the resistance trendline.