Okay, not a very good one. Nonetheless, will be watching Apple this week to see if it can stay above $440. Lots of volume following positive earnings, but it quickly fell off. The volume just isn't there in the head formation ($440-450). BUT, we may see an uptick this week and test previous resistance levels. Right now, I'm thinking the price will fall back into the previous channel and form the right 'shoulder.'
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Right shoulder almost complete.
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Would love to see a nice 2-3 month consolidation at these prices.
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Selling volume yesterday pushed us down into the right shoulder as I was expecting. Big spike in volume during the last 15 minutes of the day yesterday brought out the 'buy-the-dip' crowd. But a nice surge of buyers followed suit in morning today. Volume weak/below avg across the days session so far. Will be watching this stock last 30 minutes today. May be an interesting opportunity to enter a position for a potential gap up to $457 tomorrow. Otherwise, expecting to deflect from $435 ceiling.
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Correction: $453 ceiling.