AAPL and QQQ across the board looks absolutely cooked. AAPL showing a weekly Demark TD9 sell, a massive RSI divergence, volume divergence, and the put/call ratio on the S&P is at levels that usually precede major pullbacks. AAPL still has some trendline support at $440, but below there it's gonna dump harder than Chris Farley after a supersized chipotle. I'd expect a sharp move down in the range of -10%+. See my linked analysis for my thoughts on QQQ bigger picture.
Comment:
I'm STILL BEARISH.
Comment:
Date window didn't play out quite as I wanted - however we have a TD9 weekly on SPY and VIX coming in for the last week of August. I still expect markets to get hit hard.
Comment:
Our date window for the last week of August mentioned above certainly hit! This chart was unfortunately a little early and wouldn't have been a great trade. It looks monstrous but that is only because of the split :p
White Lake Investment
