Bulls will be biting their nails with SP futures weak; but what has grabbed the attention of traders this week?br /br /Apple (a href=”http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxMzI2?end”AAPL/a) tops the list. a href=”http://www.bostonwealth.net/2009/06/21/aapl-macro-perspective/”Boston Wealth Management/a is looking at a long standing battle of the trendlines:br /br /a href=”http://4.bp.blogspot.com/_WWGUfU1tOjI/Sj9eWYqFpXI/AAAAAAAAA8A/OQ9_ycWjsXA/s1600-h/BWMjunAAPL.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 183px;” src=”http://4.bp.blogspot.com/_WWGUfU1tOjI/Sj9eWYqFpXI/AAAAAAAAA8A/OQ9_ycWjsXA/s320/BWMjunAAPL.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350098621008553330″ //abr /But over the short term it is looking better for the bulls:br /br /a href=”http://3.bp.blogspot.com/_WWGUfU1tOjI/Sj9fXuWDHTI/AAAAAAAAA8I/v0lLKIjIoK8/s1600-h/AAPLJun22.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;” src=”http://3.bp.blogspot.com/_WWGUfU1tOjI/Sj9fXuWDHTI/AAAAAAAAA8I/v0lLKIjIoK8/s320/AAPLJun22.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350099743521578290″ //abr /span class=”fullpost”Second was the Euro/US Dollar Currency pair (a href=”http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxMzI4?end”EURUSD/a). Shorts look to have the edge on the a href=”http://www.stocktwits.com/t/EURUSD”Stocktwits feed/a but the daily chart appears to show a bull flag with clear support at $1.38xx. I have made a call for a measured move to $1.55xx. Supply in the $1.42xxs has restrained the rally once but can it do so for a second time? br /br /a href=”http://1.bp.blogspot.com/_WWGUfU1tOjI/Sj9imM1_0dI/AAAAAAAAA8Q/jK2mU67D2Ew/s1600-h/EURUSDJun22.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;” src=”http://1.bp.blogspot.com/_WWGUfU1tOjI/Sj9imM1_0dI/AAAAAAAAA8Q/jK2mU67D2Ew/s320/EURUSDJun22.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350103290761695698″ //abr /Third on the list is British Pound / Japanese Yen (a href=”http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxMzI5?end”GBPJPY/a). a href=”http://www.stocktwits.com/u/pipmaestro”Pipmaestro/a has been peppering with short trades but the daily trend is clearly higher. Supply around £1.62xxs is a chance for shorts to get in top-end; aggressive shorting is likely to occur should £1.55xxs break. br /br /a href=”http://2.bp.blogspot.com/_WWGUfU1tOjI/Sj9lsy6Zo0I/AAAAAAAAA8Y/fCqiogJ-YBQ/s1600-h/GBPJPYJun22.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;” src=”http://2.bp.blogspot.com/_WWGUfU1tOjI/Sj9lsy6Zo0I/AAAAAAAAA8Y/fCqiogJ-YBQ/s320/GBPJPYJun22.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350106702594810690″ //abr /The SP (a href=”http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxMzAy?end”SPY/a) has been a constant on a href=”http://www.stocktwits.com/t/SPX”Stocktwits/a (interesting to see it gather more attention than the a href=”http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=Vlc5NjU=?end”QQQQ/as). I haven’t changed my earlier call from June 17th; still think it is heading into the $80s. br /br /a href=”http://1.bp.blogspot.com/_WWGUfU1tOjI/Sj9m7WNmwZI/AAAAAAAAA8g/PW8jNluagMM/s1600-h/SPYJun22.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;” src=”http://1.bp.blogspot.com/_WWGUfU1tOjI/Sj9m7WNmwZI/AAAAAAAAA8g/PW8jNluagMM/s320/SPYJun22.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350108052100399506″ //abr /Last of the major follows is the US Natural Gas ETF (a href=”http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxMzMw?end”UNG/a). There is no firm conviction from a href=”http://www.stocktwits.com/t/UNG”Stocktwitters/a on how the sideways pattern will resolve. If it was to follow oil’s lead then higher is favoured but weak seasonal effects may suppress this. br /br /a href=”http://4.bp.blogspot.com/_WWGUfU1tOjI/Sj93P0l7lRI/AAAAAAAAA8o/-9TNDwvmYfg/s1600-h/UNGJun22.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 177px;” src=”http://4.bp.blogspot.com/_WWGUfU1tOjI/Sj93P0l7lRI/AAAAAAAAA8o/-9TNDwvmYfg/s320/UNGJun22.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350125996038919442″ //abr /br /span style=”font-size:80%; color:#cccccc;”Dr. Declan Fallon, Senior Market Technician, a href=”http://www.zignals.com”Zignals.com/a the free stock alerts, market alerts, and stock charts website /span/spandiv class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/3415040392614486358-8423890034280335945?l=zignalsblog.blogspot.com’ alt=” //div

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• NASDAQ Sep 22nd 2008: 2,179 - Sep 22nd 2009: 2,146 - September 23rd, 2009