AAPL top
Feel bad for anyone who bought up here. Chart screaming overextended. RSI at 75, but was almost 80 at the high of day. Gapped up outside of the rising channel but then rolled over and gave the entire move back by the end of the day. Market brought down by one early and one late wave of intraday selling, mostly in tech stocks. Investors rotated into more economically sensitive sectors like industrials, because you don't really want to own stocks with high multiples in a rising rates environment.
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.