AAPL makes up almost 18% of the Q's and MSFT makes up about 10%. Thus, it is not surprising to see the same chart behavior since Apple has a huge impact over the Nasdaq and QQQ. The blue lines show the rising wedge and negative divergence in place, as well as overbot stochastics, which all want to see a spank down right now. Today's candle is a hanging man so perhaps a sell off tomorrow would verify a projected trend change. Note how price has already fallen out of the pink channel. Projection is a smack down to occur at any time. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.