Monthly Intraday Charts for SPX and SSEC: 2013-04

This is a monthly series of intra-day charts for S&P 500 (SPX) and Shanghai Index (SSEC) for Apr. 2013.

SPX

SSEC

AAPL prediction

From mid-Sep 2012 to early April 2013, in the course of 7 months, AAPL dropped 39% from $694 to $423, the stock price seems to have found a bottom and is staging a turn-around.  The target of this coming round of rebound could be very likely the 200DMA which is sloping downward.

S&P 500 Prediction

After 6 years, S&P 500 made all-time high at 1586 yesterday, exceeded Oct 2007 high of 1576.  My wild guess is that just like S&P 500 made a fake lower low of 666 in 2009 which is ~100 points lower than 2002 low of ~766, this 4+ year bull-market will make a fake higher high at around 1676 area which is ~100 points higher than previous high 1576 before it turns into bear market (correct 20%+).

The timing of top looks to be around May this year.