The overall equities market is in a very fragile moment right now. Apple has reached the upper boundary on it's multi year up trending channel. There is minuscule volume up here meaning, big players are not exerting much effort in buying this up and might be even profit taking. This seems like a high probability trade for me. I'd take it.
1. Death cross almost ready on the 13/48 MAs.
2. Every pump that we've had has been weak and following with dumps on strong volume.
3. We can potentially bounce to that 14.5k level tomorrow before going down strong to 9k.
4. Once we enter the cloud, my first target is around 11.5k. After that, target should be around 10k. probably lower in the 8k levels....