Major U.S. stock indexes pulled back Tuesday as investors sold government bonds along with shares of technology companies that had powered higher in a low-yield environment.
Both daily and weekly Heikin Ashi charts paint a very mixed picture — while S&P500 and Dow Jones are in the uptrends, the Nasdaq and Russell are in the downtrends.
Key Indices, Daily charts
Key Indices, Weekly charts
FUTURES PRICE LEVELS
Key pivots: 3970 and 3900
Key pivots: 13000 and 12700
AAPL AT THE CROSSROADS
The AAPL shares have been consolidating in the $115 and $125 price range since early March. Technically, the price has formed a Symmetrical Triangle over the last several months. If AAPL can break above the $125 resistance in the near future, we might see a renewed interest in this mega cap stock among market participants.