Very hard rejection from the 50 Day MA from $AAPL, after exploding out of the downward wedge at the end of last week and jumping from $167 to $178 and almost all gains have been returned.
The previous low needs to be held or we are still in Wave A.
The market is not showing much strength at all today apart from pockets of green from companies who have just reported strong earnings....but it appears that even strong earnings are not creating a bounce for the market.
Is the market waiting for Israel to make a decision? yes possibly.
The Mega Caps will start reporting from next week, I expect this is when the relief bounce may come if it does not start tomorrow or Friday but again, it may depend on what Israel does in the meantime.
NalaikPanda
2024-05-03 11:08:48 +0000 UTCNalaikPanda
2024-04-17 22:38:48 +0000 UTCShaleen Deep
2024-04-17 21:03:27 +0000 UTCNalaikPanda
2024-04-17 17:27:56 +0000 UTC