Above, I've highlighted the Bear/Bull zones to reflect the overall structural trade-set up and expectations if price is to find acceptance in these spatial areas. I referenced the AAPL rejection from Quarterly Lows (570) coming into December, which turned the 'Major Trend' Bearish on a monthly basis and spelled caution to long investors coming into December. We need to watch a few things with AAPL:
1.Year End Close >/< 505 (Monthly Low Support Reference)
2.Year End Close >/< 481 ('Strong Support Trendline')
3.Year End Close inside 'Normal Velocity Regression Channel 2010-2011' or outside and above this phase shift.
I am expecting a choppy finish to the year-end trade. As opposed to a persistent trending market. Despite the AAPL move lower, the NQ has yet to turn down on the weekly timeframe. The NQ is bracketing at 2689-2611 range with 2600 as strong support. Anything outside of this range would signal change.
Above we can observe the disconnect in Money Flow into Dow 30 and S&P 500 and out of Nasdaq 100/AAPL as the former reflect international perception, money flow and 'safety', whereas the latter, as mentioned more speculative, domestic behaviors.