Thesis: Apple news was used today to trap bears and spring the market into a short-term rally.
Early day on 09/28/2022, AAPL was down ~3% off of low demand news, in which demand stepped in with incredible volume.
The following is my interpretation of what could be a short-term accumulation schematic. Apple historically being one of the better S&P performers, seems to make good sense to use as a catalyst to trap bears and launch the market short term for a rally into October.
SPY/QQQ had higher supply volume when testing June lows than we have in September testing the same levels, which would be indicative of a weakening of sellers, at least short term.
It seems to make sense that big money wants to hold stocks up until mid-terms pass, and this was one of the best ways to trap the most bears possible in the process.
Who knows, seems to make sense imo
Early day on 09/28/2022, AAPL was down ~3% off of low demand news, in which demand stepped in with incredible volume.
The following is my interpretation of what could be a short-term accumulation schematic. Apple historically being one of the better S&P performers, seems to make good sense to use as a catalyst to trap bears and launch the market short term for a rally into October.
SPY/QQQ had higher supply volume when testing June lows than we have in September testing the same levels, which would be indicative of a weakening of sellers, at least short term.
It seems to make sense that big money wants to hold stocks up until mid-terms pass, and this was one of the best ways to trap the most bears possible in the process.
Who knows, seems to make sense imo