Key Findings: Bounce up in stocks will be supported by apple.
If everyone is expecting the market to fall, it probably won't fall. This is a saying of experienced traders. Are we in such a situation right now ? What will FED decide on Monday in their emergency meeting ? Nevertheless chart is giving us significant price levels to watch. I highlited them in the chart, as mentioned earlier in my stock indices ideas, a bounce up is likely here. We are at both strong horizontal and trend support and are already quite oversold. Expect a reversal.
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closing below important horizontal price level, apple is now uber bearish, there is lot of downside potential