Apple IncUpdated Apple H&S Possibility
Latest update for Apple. We may see some sort of recovery in July, which may see markets across the board move up. If we break the selling trend, it will have created a head and shoulders when selling continues downward. Again, this is a possibility, as selling might intensify.
Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This is in addition to a worse than expected Retail, Consumer Sentiment, Consumer Confidence, ect. We'll see.. for now, we're neutral on this. MACD is VERY bearish for the 1M.
Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This is in addition to a worse than expected Retail, Consumer Sentiment, Consumer Confidence, ect. We'll see.. for now, we're neutral on this. MACD is VERY bearish for the 1M.
Note
Chart timing was wrong. It should have been a 1W which would have accurately shown the move of this chart as we essentially reached the target.Note
Right shoulder completed, its looking down from hereTrade active
We are actively watching! Right shoulder is forming.
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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.