Apple is at an inflection point and will likely decide the fate of the market. If Apple earnings miss then we could see rejection off this level. A retrace ot the previous trend has occurred, now the bulls need to close above the previous trendline break.
Bears need to see this level hold as resistance.
5 weeks of upside does favour a small pullback at the minimum.
Bears need to see this level hold as resistance.
5 weeks of upside does favour a small pullback at the minimum.
Comment:
apple hit the $157 level. Upside objective has been fulfilled.