Rally Can Not Sustainable, Why?
Updated
Fundamentals (earnings) and technical doesn't support rally.
Apple one more time in the overbought territory , MACD and RSI good indicators.
If we look into previous earnings almost same price action performed by market makers. Assuming today most of the buy pressure came from Apple's buy back program.
Earning was one of the worst since 2016, most of investors blaming China but economical conditions pushing people to make savings. CEO pointed out during conference call, currency hurting company. And after long time DXY broke out downside trend line. Tuesday J. Powell will speak and curious what will he say about last job openings.
Apple one more time in the overbought territory , MACD and RSI good indicators.
If we look into previous earnings almost same price action performed by market makers. Assuming today most of the buy pressure came from Apple's buy back program.
Earning was one of the worst since 2016, most of investors blaming China but economical conditions pushing people to make savings. CEO pointed out during conference call, currency hurting company. And after long time DXY broke out downside trend line. Tuesday J. Powell will speak and curious what will he say about last job openings.
Note
DXY
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