AAPL Has rallied 35% this year and is coming into Earnings this week. Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long.
If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the next level.
There are smaller patterns completing around 170-171 so these are the levels to watch.
US Interest rates this week which will give a bit of volatility and the VIX is at very low levels not seen since 2021.
These are the conditions setting up this week.
Enjoy the week.
Note
Multiple patterns coming together at major levels in the smaller TF.
Note
We have seen a turn from the 78% level. Now we watch the drop to see where it stops. Below 165.80 means its going to be a deeper correction and with Interest Rates and other data out tomorrow. It could get ugly..
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t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.