AAPL roadmap into earnings vs IWM. I traced and pasted the last time aapl/iwm hit the bottom of the channel. the patter lines up surprisingly well with existing trend-lines. The old pattern has this ratio hitting a low on earnings day. My reason for doing this is because the same people and algorithms are trading this name and how it reacts to buying is likely to be similar in my opinion. I often times see patterns repeat. its just a roadmap and this ration can go up even if aapl The old pattern has a short term high on option expiration April 16th. That's an interesting coincidence
Interesting how well it lines up with the existing trend lines and the current rally off the bottom.
Interesting how well it lines up with the existing trend lines and the current rally off the bottom.