Struggling to stay inside the former channel. RSI looking long in the tooth. QQQ forming a clear head and shoulders pattern. Can AAPL save the market? They say so goes AAPL so goes the market. Tread lightly here! Last call on AAPL worked out pretty well.
Excellent chart. Very clean and clear. Seems to reflect many others’ perspectives from here too, as well as my own.
I’m anticipating a touch down above 200 and then back up, but if the market does fall, this will be a great chart to follow and profit as it falls... easy profits either way, with patience.
BobbySpa
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@ogdabber, thanks! I follow Rick Ackerman who thinks AAPL has a clear target to 242 based on his hidden pivot method. Not sure what to make of that but in a down market to see this name up as a flight to quality never surprisess me. When you have buybacks, Buffet and institutions falling over themselves to invest other people's money this is what happens. 200 day is going to happen soon. The macro uptrend is under pressure for US Stocks and this one will not be immune. 242 or not, some puts are in order.
I’m anticipating a touch down above 200 and then back up, but if the market does fall, this will be a great chart to follow and profit as it falls... easy profits either way, with patience.