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.
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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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Right shoulder completed, its looking down from here
Trade active
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We are actively watching! Right shoulder is forming.
@WorldEconomics, Nice and clean with Supply & Demand levels Glad you liked it :) Can only go off what we see not what we think
SpyMasterTrades
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Thanks for the update! Look forward to each of your updates on this one. That H&S appears to be occurring at the +2 standard deviation on its log-linear regression channel relative to the price of the risk-free asset (10-year Treasury). I can only imagine all the pain that will come once this asset starts to mean revert on the log scale.
simtrader19a
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Will tank time Lets see what happens during Q1-23 earnings
simtrader19a
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still inverted
simtrader19a
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I suspect with bad technicals on AAPL the NASDAQ will also drop