With AAPL sat just above its 100DMA, unable to hold gains this morning, the S&P 500 futures have just broken below their 50DMA for the first time since July 25th. The Bernanke-Spike has gone and now the Draghi-Dagger comes into focus... as financial earnings fail to spark another hope-driven rally. From the day before Draghi's spike, the VWAP (volume-weighted average price) for S&P 500 futures is 1444.5 - so on average in aggregate buyers are now losers.
S&P 500 futures are trading at the 50DMA for the first time since 7/25...
Long-Term
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Medium-Term - ES has pushed down to a lower trend line...
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and Short-term - As Bernanke's knee-jerk has been dismissed - leaving Draghi's dream-spike left...
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With AAPL seeing what looks like institutional selling pressure - given the VWAP orders - and not just short-selling neophytes as some might suggest...
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