Previously, I posted the pattern on the NQ below…the wedge overthrew which should not be a surprise for a BURNanke bubble blow…but it has since failed at the breakout and fallen to below previous cycle resistance which should have been support. It now can not seem to get out of its way to get over those levels…NQ has not yet made a lower low so, technically, its possible that the rebound is in progress…however, looking at the candles does not inspire confidence for me in that view…then there is AAPL which did not make a pretty reversal today…I posted a lot of details which may be of consequence to AAPL’s next move.
NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March; Median
House Prices Increased 4.8% Year-over-Year
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Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home
Sales Decreased to 4.19 million SAAR in March
Excerpt:
*Sales Year-over-Year and ...
3 hours ago