I've been sitting on my hands waiting for a definite sell sign. I've been a firm believer that this rising wedge (blue lines) will materialize. I think we're about to see the selling begin. Support lines are being tested and looking at the volume, you'll see it's starting to move upward.
For the bulls, this could bounce on Monday. We're on the support line. Also, AAPL has the ability to move the market and they are making an announcement regarding their TV service. However, the leaks of it sound pretty weak, IMO.
My suggestion is to sit tight but be ready.
For the bulls, this could bounce on Monday. We're on the support line. Also, AAPL has the ability to move the market and they are making an announcement regarding their TV service. However, the leaks of it sound pretty weak, IMO.
My suggestion is to sit tight but be ready.
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Now I'm looking for a close below the red line. Still holding.
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And we're back in the wedge...
Today's move looks bullish
Today's move looks bullish