Here are the charts for AAPL, there's deterioration setting in, it's a tough call here because I feel it's a bit early, so I'll be keeping a close eye on it as it is a market Bellwether.
AAPL intraday, I would have NEVER gone long AAPL if it looked like this yesterday so staying long becomes a question.
At the next timeframe AAPL is nearly in line which is a loss of momentum, at 3 min it still has some positives so I'd like to see a more mature signal, still price is bending, I'm going to try to be patient as to keep an effective hedge in place.
This is the 5 min Trend Channel, it's tight, but if you are trying to keep as much as possible , this is decent.
I feel more comfortable with a wider 10 min at $559.50, this allows some room for consolidation.
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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