I don't have too much to back this up so take it for what it's worth, it just makes sense to me. I hope it plays out.
Continuation of my very rough H&S post with some newer supporting analysis, I could also be very wrong and AAPL does terrible next week.
It's a very rough H&S pattern forming and I'm probably wrong just because other things I've seen aren't lining up with the timeframe my idea would work on. The only saving grace this rough pattern has is that the gap still has to be filled from the Friday open drop. I'm thinking that whenever AAPL gets around to filling the gap the second shoulder would finish...
Don't listen to the fear monger shorts who want AAPL to fall. The stock market is a combination of patterns, news, company performance, and self fulfilling prophecy's. The key thing I'm trying to touch on here is the self fulfilling prophecy part. People post their ideas here for a few reasons. Some people want to test their abilities in tracking and predicting...
Seems to me SPY is forming a head and shoulder pattern after a sideways trend off of a run-up.
A bearish pennant formed and I expect SPX to fall to about the 4144 levels tomorrow.
Inverse Head and shoulders pattern forming, more clearly on smaller timeframes like the 5 or 1m charts. Expecting Spy to reach 440-443 by EOD or near beginning of the trading day tomorrow.
I'm in no way a professional or giving any advice Im just sharing my personal analysis (disclaimer: my analysis may be flawed so take it for what it's worth if you think about trading based off of it)