Friday should have been an easy romp to the 126.48 target I’d noted; instead, AAPL head-faked to a bull-trap high at 125.40 on the opening bar before receding sharply to an intraday low at 122.58. The session ended with a moderate short squeeze that pointed to 124.47, or to 126.35 if any higher (see inset). However, we’ll need to see how buyers handle these Hidden Pivot resistance points before we make any judgments about their strength or weakness. A longer-term target at 143.97 still obtains, at least in theory.
