AAPL forming a bearish ABCD pattern on the weekly timeframe - all indicators are overbought and are signaling a pullback. Volume is declining, and with doubts on AAPL's ability to innovate and their miss on earnings, the FOMO crowd looks to be drying up.
Keep in mind, Buffet came out and said he doubled his aapl position...3 months AFTER he actually did it. He...
AXP fell out of its uptrend and is now re-testing the first fib retracement. JPM releasing earnings Thursday morning before the bell, and they will likely set the tone for the rest of the financials. Based on that earnings report and how AXP reacts to this support, you can enter into a long or short position with limited risk.
