Nothing much has changed since yesterday. SPX bounced around in our target zone, coming within a few points of its SMA200 as VIX went nowhere.
The one notable exception was AAPL, which after tagging our downside target on Jan 3 $from last November [see: AAPL Discovers Gravity] reached our upside target yesterday. We originally charted this upside target on Jan 3 [see: Update on AAPL, Jan 3] and the IH&S pattern reinforced it three weeks later. Had AAPL not reversed, the additional downside potential was substantial.
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