QuantitativeExhaustion
Long

Apple's Inverted Head and Shoulder

NASDAQ:AAPL   APPLE INC
918 7 25
As you can see an Apple             chart a inverted head and shoulder pattern has formed. The measure breakout for Apple's inverted head and shoulder is 538. If the right shoulder breaks above the neckline sooner than the left shoulder 41 day duration, the breakout could reach as high as 560 before the end of July.

Inverted Head and Shoulder Description
A head and shoulders pattern consists of a peak followed by a higher peak and then a lower peak with a break below the neckline. The neckline is drawn through the lowest points of the two intervening troughs and may slope upward or downward. A downward sloping neckline is more reliable as a signal.

snapshot


420 area has been an area of strong support. IF the market were to roll over and this area is breached, this pattern would mostly likely be null.
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Apple did not carry it's load today when the market reversed quickly. \ Apple was one of my two market bellwethers. If move south tomorrow the likelihood of this pattern reaching it's measured target is diminished.
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