In the case of AAPL, a move below $433.68 would likely be an excellent place to start or add to the position, it would represent an intraday head fake move. I'll try to set an alert for it so if it happens I can confirm for you ASAP.
The break today below the triangle would be the larger head fake move, but as I remind often, head fake moves are found on every timeframe just before a significant reversal, AAPL turning up intraday would be a significant reversal.
The same would apply to the IWM, not sure if we get it in that case.
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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