Apple facing severe selling pressure again today, pushing down into the support area for the bull run it's been on for years. The white line is that support level and the stock is currently trading below it, but not by much. The bulls and bears are having quite the battle and volumes have been solid in this entire stretch, meaning - this test is for real. Can Apple hold the line? If not - if will sink $DJIA and $SPY - for it makes up a meaningful part of both indexes.
If this 110-112 range can't hold - 105 will be tested. Watch this level closely.
It seems almost all the stocks/indexes I follow are at inflection points. The market will move soon, in a big way. Will the bears or bulls win the day?
Short term rating = BUY
Long term rating = BUY
If this 110-112 range can't hold - 105 will be tested. Watch this level closely.
It seems almost all the stocks/indexes I follow are at inflection points. The market will move soon, in a big way. Will the bears or bulls win the day?
Short term rating = BUY
Long term rating = BUY