This could pull back more. I suppose it depends on what Mr. Market has in store this week. It does not appear big tech is not being left out of the correction this time. MSFT is struggling as well.
The rising wedges in the recent past have probably not helped. Market conditions are volatile right now, and sometimes best to sit on your hands. AAPL was trading in a cup and handle pattern but has breeched the handle of 140. Perhaps it will recover and resume this pattern. Mid Cup is a source of support at 130.65.
Possibly trading in a harmonic pattern and peak 2 is higher than peak 1, which points to a shark or a cypher. This could be a bullish M looking for a landing pad, but was preceded by 2 Ws which are often bearish.
Price is under the 50 SMA/the 20 just crossed down through the 50 and right now price is below the 100 Sma.
No recommendation
The rising wedges in the recent past have probably not helped. Market conditions are volatile right now, and sometimes best to sit on your hands. AAPL was trading in a cup and handle pattern but has breeched the handle of 140. Perhaps it will recover and resume this pattern. Mid Cup is a source of support at 130.65.
Possibly trading in a harmonic pattern and peak 2 is higher than peak 1, which points to a shark or a cypher. This could be a bullish M looking for a landing pad, but was preceded by 2 Ws which are often bearish.
Price is under the 50 SMA/the 20 just crossed down through the 50 and right now price is below the 100 Sma.
No recommendation