Yesterday I posted AAPL and the likely head fake move that the triangle would produce as being a fairly low risk short entry, it played out as expected.
This a.m. we have another small triangle and I would expect most likely a similar head fake upside breakout, which may be able to be used as another entry point on an AAPL short swing trade.
The short term chart shows a small positive divergence suggesting a possible head fake move..
However the longer term charts remain pretty negative- 5 min
The hourly chart is leading negative and near new lows below the recent lows in 3C/price.
I liked the set up in AAPL yesterday, perhaps we will see a similar set up today.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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