- The major trend is downtrending
- AAPL revisited the 100 Day MA for the third time on the 1H chart
- The more time it revisits, the greater the chance it has to break thru
- AAPL lost the 100 Day MA on the 1H chart
- Paying attention to the 1H candle isn't finished and still has 25m to change it's formation. There is always the potential of a trap. A lower shadow would be of concern that there is still some support and can potentially create a triple bottom.
- Price must stay below this level and will probably retest it
- The lower timeframe the stock is trading below the VWAP & 8-ema, suggesting that buyers are no-longer supporting it
- Price will most likely come back to retest these levels
- Monitor that price doesn't break above these levels and stays bearish
- A rejection would be a great place to enter, imo
- SPY broke down
- This is strictly an idea and not advice, there are no guarantees in the market
- Happy Trading!