Caution on Tech
Updated
Fed + Apple earnings this week. Both AAPL and NQ putting in potential highs at the 886 fib. NQ in particular has the most perfect (too perfect?) rising wedge into a major fib level.
Long side is getting crowded, but it would be even funnier if we dip and rip.
Who knows in this market. My bias is down, continue treating it as a range until it gives us a reason not to.
Long side is getting crowded, but it would be even funnier if we dip and rip.
Who knows in this market. My bias is down, continue treating it as a range until it gives us a reason not to.
Note
It gave us a reason not to. I said it was too perfect.
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