Seems like apple had a false breakout earlier this week and has falling back in the trending channel. Yesterday was confirmation that the upper trend line is acting as resistance and should push the stock back down the bottom trend support. This will way on the Nasdaq heavily with Square, AMD, Microsoft all looking extremely short term bearish falling in their patterns as well. Bond yields also rising and PPI coming out today could making it very volatile to the downside.
Comment:
looks like the court case and the Apple event are causing strong headwinds for apple.
