@Wild_Randomness $AAPL is not overstretched and heading into earnings week. It has rebounded strongly so may chop into earnings but it held above the Feb/Jun topping TL beautifully on Friday
@alshfaw Thanks again for the $AAPL share. The Feb and June topping line has held up well after being broken in the last couple of days. Helped keep me in the trade through the OPEX chop
$AAPL Important Price Analysis.
Please watch this short free public video to understand the possibilities from here, important for the direction of $SPY.
#LILO and #FIFO Concepts Revisited.
https://t.co/0rnAXcEjoA
Share & Subscribe, <link in bio>:
$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
In bull markets, Head & Shoulders patterns often fail and turn into bases instead.
$MTUM is sitting right on the neckline now, this should be where the bounce happens.
Attaching a chart of $AAPL as an example of what it looks like when the neckline breaks then gets reclaimed.
Classic case of: “From failed bearish setups come bullish moves.”
If I had to title this week, it’s “$AAPL is still the market.”
Above 314 and $SPX grinds to fresh ATHs.
A retest into the 300 zone first, however, and that modest $SPX -1 to -1.5% dip will flip the street to maximum fear in 48 hours.
Will be adding $AAPL calls on any such weakness.
$XLK holding 175 is my confirmation
$AAPL pushed into another new ATHs today but failed.
Now green to red and working on daily reversal bar.
Should be the top for the week considering the weekly streak and probabilities.