etfmsolutions: Apple and Amazon Ponzo Updates....09.27.17

Wednesday, September 27, 2017

Apple and Amazon Ponzo Updates....09.27.17

Following up on last week's Apple/Amazon pair trade idea using the Ponzo forecasts here are the latest updates. Also included is an APPL chart with an AMZN overlay. Technical indicators are 10,20,50 SMAs and parabolics. The entire tech sector looks ripe for a dead cat bounce ( in progress) followed by a trap door down to longer term support levels.
Over the last week APPL/AMZN have traded in tandem, both up and down Wait for the divergence.

chart courtesy of Schwab SSEdge

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