SPX chart - descending Triangle

SPX chart - descending Triangle

I have not had too much time to go through the charts today, as I have been helping our VIP members. 

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The S&P chart is quite interesting right now on the daily. As you can see below, there looks to be a smaller descending Triangle that seems to be setting up. And it might need to play catch up with the DOW JONES INDUSTRIAL AVERAGE that seems to be leading at the moment.

S&P Chart below. 

s&p chart - descending triangle

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appl chart - appl chart bearish

appl chart - appl chart bearish ?

looking at the appl chart there is no doubt the appl chart seems to be in trouble.

In 2012 the appl chart did nothing more than create a massive head and shoulders pattern.

At the start of this year 2013, the appl chart broke down from the head and shoulders pattern and has been in trouble ever since.

Right now, the appl chart has broken down below its major rising support line and does not look healthy at all.

The indicators on the appl chart do not look that convincing either for a big bounce coming, and with the problems with apple sales at the moment, I think this is just going to add to their mix of bad problems in 2013.  

I think that one of the most alarming things for the appl chart, is that while the market has been rising in 2013 the appl chart looks like death warmed up. Oh dear!

appl chart

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