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.
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Cmpas2
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Looks like it tried to break down but got ahead of itself and bulls got upper hand. Thoughts going into next week?