Apple is at risk of being squeezed between US and Chinese tensions. Further, following NFP the Fed 'Pivot' is off and 75bps for Sep followed by 50bps in Nov and Dec meetings are back on.
The RSI divergence is strong and the entire mover from low $150s to latest highs is suspect imo.
In the short term, expect a test of high 150s again, where we find 100hr MA.
In the long term, we may now get to a 4th test of the 100m MA since the GFC around $100
The RSI divergence is strong and the entire mover from low $150s to latest highs is suspect imo.
In the short term, expect a test of high 150s again, where we find 100hr MA.
In the long term, we may now get to a 4th test of the 100m MA since the GFC around $100