The general market finally started the consolidation. Here are some updates on SPY and IWM.
I have a short term downside target of 115.17.
IWM has already broken the Tuesday's low. My short term target is 69.80.
I shorted many financials together with GS and they are all doing quite nicely. GS is the key for the general market to make a new higher high for the coming months.
BIDU made exactly the two folds from the breakout point and closed right at a=c target.
Whatever happened to BIDU would happen to AAPL if the pattern holds. This is a great opportunity to look for a good long entry for the long-term AAPL position. I would be probably looking into the recent gap fill to put on the Jan 11 butterfly position.