$AAPL sloppy and overlapping, apple continues to grind higher within this channel. It's definitely no clean trend with so much overlapping price action but it does continue to make higher lows and highs so until it doesn't ill remain cautiously optimistic. Remember apple has earnings next week so its very possible we see this careless slow motion grind back and fourth action until post ER as people 'square-up' ahead of time. Otherwise one should look for some type of acceleration up and out of this channel or a breakdown. I continue to hold some long at 428 in my 'swing' account and pretty much won't let it go against me at this point.
Evan Medeiros
Founder, Trade Risk
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Website: www.thetraderisk.com
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Founder, Trade Risk
---
Website: www.thetraderisk.com
Twitter: www.twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: www.thetraderisk.com/trading-newsletter