Apple is leading the Nasdaq blue chip stocks in the US. Last week Apple stocks were trading at all time highs. The market is now at a previous resistance where it has reversed before. If the DXY starts to rise, the stocks will fall. The chances that the market will reverse at a point where it has reversed before are very high.
ノート
Price was rejected at the ATH at 186.00. These are the early stages of a bearish trend.ノート
The weekly candle closed below the resistance. That's a good sign.ノート
At the current levels where the market has been consolidating for days above the resistance, I also have to admit that anything can happen. Don't be surprised when the market breaks to the upside and starts a bull run. Use risk management and always keep an open mind !ノート
The 184.00 resistance did not hold. I was wrong here.ノート
DAMN ! What a fakeout !ノート
Apple is literally bleeding !ノート
THE DOWNTREND RESUMES !ノート
APPLE IS BLEEDING !ノート
As the FOMC is set to maintain the Dollar interest rates @ 5.50 later today, that may be a strong sign that the treasury yields may start to decline. For the stocks, that means more downside !
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