Sellers’ eagerness yesterday to shred minor supports implies that they’re not yet done. My hunch is that AAPL will be continue to be buffeted by severe crosswinds this week, with stellar Q3 earnings ultimately unable to overcome the downforce of a stock market that has caught a pungent whiff of a recession that has probably already begun. Traders nimble enough to play the bounce should look for one near the 602.09 target of the pattern shown. As always, the ‘chopped liver’ rule holds: If sellers crash the target, more weakness should be expected (and rallies sold/shorted).
