WorldEconomics

Apple H&S Possibility

NASDAQ:AAPL   Apple Inc
Latest update for Apple . We may see some sort of recovery in July, which may see markets across the board move up. If we break the selling trend, it will have created a head and shoulders when selling continues downward. Again, this is a possibility, as selling might intensify.

Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This is in addition to a worse than expected Retail, Consumer Sentiment, Consumer Confidence, ect. We'll see.. for now, we're neutral on this. MACD is VERY bearish for the 1M.
Comment: Chart timing was wrong. It should have been a 1W which would have accurately shown the move of this chart as we essentially reached the target.

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