The market has been grinding its way higher day by day however, we might experience a pullback after hitting the top of this channel. I would not be bearish yet though. The market has had a tendency to break out of channels and continue to go higher. That offers two scenarios.
1. We hit the upper end of the channel and break down
2. We break above the channel and...
AAPL price prediction
Setting up for a short with a close below the current trendline, targeting multi-year trendline from that. 120ish - 100ish.
Then below the multi-year trendline, lower gap-fill to 96.75 then recovering trendline.
As we see sector rotation and interest rates rise crude continues to climb, we still have huge resistance above us that we must break.
Here are my two paths for crude futures going into next week. It will be important to watch this closely, a breakout of the upper trendline could cause historic rallies(Path A, red). However, I do believe we never retested that...
