Apple scares me here. Resistance at $302 proved to be solid (double top confirmation). Price couldn't break through it hardly at all & broke down all the way to $256 support after the 3rd failed attempt. Clear consolidation (accumulation? distribution? idk, but very high volume) at this level that eventually broke up and out over the blue trend line to close well above it, presumably trapping many bulls. Price then gapped down the next day, only to rally hard back up to resistance (previous support) before getting slammed back down again and closing below trend. Watching RSI divergence on all time frames, but my experience says it's more of a "has more room to fall divergence" for now.
Levels are pretty clear for me. Bullish above $256, bearish below $233 (2018 high before meltdown). Wouldn't be surprised if we get a gap open above/below one of these levels tomorrow or Wednesday.
Levels are pretty clear for me. Bullish above $256, bearish below $233 (2018 high before meltdown). Wouldn't be surprised if we get a gap open above/below one of these levels tomorrow or Wednesday.