in a literal heartbeat, after Apple's warning in after hours trading.
Indicator, (included here)
clearly shows YET AGAIN.. distribution selling pressure
under the guise of a Nasdaq100 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
1/2/19 545 PM
Tim Cook CEO Apple's Q1 Earning Warning 1/2/19
" We did not foresee, the magnitude of the economic deceleration."
Ha, Ha < Ha
Really..Is that what happened ? Simple Fib. Retrace. .382 Wow.
Thank you BMasked. Excellent input.
Please keep me updated. Valuable insights Mr.Masked. Kudo's