I'll admit, I am having a hard time predicting the market with this high volatility. My current guess is that we are heading down, but perhaps not before bouncing off the top of a descending channel. For AAPL, I have drawn this with a dotted purple line.
If AAPL breaks above the red line (and the dotted purple channel) I will change my position from short to neutral.
Comments
goodguy
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I favor down too. Bearish engulfment candle today usually leads to more down. Thanks for sharing