wordsforthewise

not lookin good for apple

NASDAQ:AAPL   Apple Inc
We don't have a weekly reversal or trend exhaustion candle yet, but we do on the daily I think. The big bearish div here (RSI / price) and vol decreasing signal trouble ahead. Since AAPL is a large fraction of SPY and QQQ, when AAPL and TSLA reverse course for some sort of correction (seems imminent at this point) the whole market should reverse course as well. I'd expect a 61% fib retracement to 330 or whatever it is first (probably several choppy weeks in there on the way). At that point the fed will probably step in with another 5-10T and pump the market as well as kill the dollar
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.