$AAPL price bouncing around this sloppy descending channel making lower highs and lower lows. If market continues its upward march we should see a retest to the top of the channel at about 440. Until something breaks this price pattern this is how I am viewing the recent action. Bearish until a more constructive sideways base gets put in or the previous high at 449 is taken out.
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