Market Thought... drift and aapl

Ignoring the noise, and just looking at the technicals, the SP500 should drift toward 1180.

It should not act as strong resistance, but it is a resistance point none-the-less. Anywhere between 1180 and 1220 the market players will be in the 'macro-economic' top-down debate of a potentially more aggressive slow down.

But as I have consistently stated before, if the market starts to close above 1220, the negativity will begin to shift, and the top-down aggressive slowdown argument will begin to shift.

And just a side not on AAPL. Looks like it managed to maintain its momentum support. Tomorrow and the next few days should be interesting.