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Jun 17, 2018 5:42 AM

AAPL posed for big drop  Short

Apple Inc.NASDAQ

Description

Apple moved away from its 9 day moving average on Friday, with HIGH volume. Strong bearish technicals on daily time frame. Island topping confirmed with bearish crossover on MACD. It seems like the top components of QQQ are all posed for big drops, and therefore QQQ would also face a correction.

Comment

185 now key for AAPL given that it's roughly the high of the previous trading range.
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