If you've been in the market a month, then you know just about anything is possible, taking a look at the charts...
Looking at the 1 min chart, where the positive divergence that most likely would have sent AAPL on a breakout today had the ISDA news not broke around the same time, what I see is 3C sitting at a higher low with price at a lower low from. This is still a positive divergence. Compare to the SPY below...
The SPY has no such luck, the SPY's only luck would be to piggy back off AAPL.
As I have mentioned many, many times, we see head fake moves nearly 80% of the time before a reversal. Still, this AAPL chart is VERY ugly, bouncing on diminishing volume in to resistance, a failure in AAPL here would be very old school TA, but nonetheless, it would still be a failure and no matter how it happens, head fake or old school failure at resistance, the point is that AAPL breaks, that's the key no matter how we get there.
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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