Picking Up Friday's Pieces | Trading Apple

Friday did not make it easy for the unprepared.

It was no secret that the technicals raised a few alarm bells over the past week or so. I had pointed out the divergence in both the Nasdaq and the S&P 500 futures, even as the indices were hitting new all-time highs. 

Further, we laid out the deteriorating breadth beneath the surface. Neither one of these observations (even together) necessarily warrant…