The_Unwind
Short

As Apple Goes..So Goes The Market Down, Down, Down

CME_MINI:NQH2019   NASDAQ 100 E-MINI FUTURES (MAR 2019)
176 views
17
176 7
Nasdaq 100 Futures have dropped 91 points,
in a literal heartbeat, after Apple's earnings warning in after hours trading.

Chaikin Money Flow Indicator, (included here)
clearly shows YET AGAIN.. distribution selling pressure
under the guise of a Nasdaq100 Futures rebound rally from today's lows.

Since Apple is a large component in both the Nasdaq 100 and the Dow,
tomorrow's open on the NYSE looks to be another downer.

I have been writing this for a long time,well documented
in my previous articles on tradingview.com
and pardon the simplistic explanation,
but As Apple Goes..So Goes The "Market.

Nasdaq 100 stock bounces when they occur,
are immediately met with selling pressure, to drive price back down again.

NQH19 Last 6261.25

THE_UNWIND
1/2/19 545 PM
NEW YORK

Jan 02
Comment: From:
Tim Cook CEO Apple's Q1 Earning Warning 1/2/19

Quote
" We did not foresee, the magnitude of the economic deceleration."

Comments

100% correct and will/has taken down much of the market and especially the tech sector with it. Facebook came 1st. Now AAPL. And then the rest. What's sad for perambulls is that they think the bear market rallies will save them. It's all just Wykcoff distribution. The real bend will happen after!
Reply
Did Tim Cook just go Bi because he just F' ed us all. LOL. Too much?
Reply
The_Unwind Spawn777
@Spawn777,

Ha, Ha < Ha
Reply
rejected at .382, now the market has the News to head lower.
Reply
The_Unwind BMasked
@BMasked,

Really..Is that what happened ? Simple Fib. Retrace. .382 Wow.
Thank you BMasked. Excellent input.
Reply
BMasked The_Unwind
@The_Unwind, The market was rejected from that level again today. We are in the process of forming a short term double top.
Reply
The_Unwind BMasked
@BMasked,

Please keep me updated. Valuable insights Mr.Masked. Kudo's
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out