EvanMedeiros
Short

bearish wedge continues to develop this week expect resolve soon

BATS:AAPL   Apple Inc
265 1 2
$AAPL             just an ugly bearish wedge continuing to develop this week as the S&P             puts together a 3%+ rally. these pivot highs all become important levels that the bulls really need to set their eyes on taking out. Chart remains oversold on most timeframes but within the context of a very bearish complacent downtrend . All eyes on previous 385 pivot low which seems all too obvious to be the true reversal point. If we slam down there today it would very likely offer a bounce (and maybe a good one) just given how and where we have come from but I would stay very suspect of that level becoming longer term true support.
Looks like it tried to break down but got ahead of itself and bulls got upper hand. Thoughts going into next week?
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