FTSE Next stage of rally

Looks like the consolidation has finished..now where

FTSE daily

found support at mid line of the up channel
Looks like should test upper boundary @ 6456 (approx)
TREND still UP

FTSE weekly

At resistance 6380. next target 6550

ALL time high looks like it will be tested, not necessarily bested.

EURUSD top? AAPL bottom?

Euro has rallied off the 1,30 level quickly.

Is this it?

I don't think so..
1.33 was tested 3 times and pushed the rally back..NOW we are above that level, so we should now have support at 1.33 or close by.

How far can it go?

On the daily looks like 1.35 is reasonable short term target before a pullback

EURUSD daily

EURUSD weekly

On the weekly there is one rally followed by corrective action (Bull flag) no broken out and target could be as high as 1.40

AAPL daily chart

Still showing signs of positive divergence with price and RSI

Right angle triangle 

500 support (psychological level)

May get broken just because so many are watching that level.. a break may clear out the last weak hands and then rally, or it may start a new leg down..BUT it seems the NEGATIVE NEWS may already be priced in with the fall from 700.

click on links to see the stories

Sentiment wise everyone is negative, and yesterday front page of Market watch was FULL of bearish stories on AAPL, from cutting production to new competition from Linux based phones.  One positive story stating AAPL is cheap at 500 USD

Markets at crucial levels

DAX

bumping against resistance, 7440.7480 key levels.  A break above that opens way for much higher prices.
Pluses for the rally scenario
1. For the last 3.5 weeks the market has been consolidating the gains since breaking through key resistance at 7170, no real selling BUT the sentiment at these levels turned decidedly bearish, with many looking for a top.
2. The market is not overbought
3. Daily indicators in process of turning up

Possible that we rally and fail at 7500, that would make for a more bearish case, but we would need to see a break below key levels below 7170.

Likelihood is a rally to test 7500 and then a retrace; BUY the dip (If nimble enough trade the short side but beware of sustained move higher)

FTSE

similar to DAX

First chart shows declining trend line resistance 2007, 2011, 2012 tops

second chart shows daily closer up.

EURUSD

on the weekly chart we may have completed a bull flag, in which case measured target is around 1.40 !

AAPL

major market mover, may have bottomed at 623.  If not possible test lower at 600 or at the 200 dma currently 580