ReallyWyckoff
Short

Testing Trading Algo - Short APPL

NASDAQ:AAPL   Apple Inc
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2
Learning to program and practicing some scripts that i've set up. This not a well written script yet. Looks like it would be good to be short apple .

1. First x is a markdown bar lots of volume showing selling.
2. Second x, vol obviously from apple announcement day but still, a strong market could have be used for lots of distribution.
3. Red Bar: market reaches high of high volume day, rejected and closes on lower. Also of note are the narrowing spreads over the previous three days on average volume , showing kinda lack of interest in following prices up after what could be seen as heavy selling

$100 price level usually is very psychological number that leads to selling by good traders in response to poor traders buying the market. Apple looks like it's gone through a bull campaign to top out on announcement day

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