Given Apples weighting in the SPX and Nasdaq - looking at where Apple sits is worthwhile.
See attached chart for complete understanding.
Like the ES Futures AAPL is at the top of a triangle.
For Apple the there is a Naked Point of Control and the .38 Fib which line up perfectly - confluence, at $145.52 - Likely to happen shortly after after the open Monday.
Once all the longs are loaded Monday - they'll tank it.
From there the expectation is that it will traverse back to the other side of the triangle before moving up again - which in Apples case would likely mean taking out the Naked Point of Control at $139.91
