Remember what we always say?
$AAPL holds the key to this market.
It hit its All Time High Line before the $SPY did and has already pulled back in a nice controlled manner.....observe the RSI too, it was in the overbought territory and now declining rapidly.
This is good to see and this is what I expect from the market too.
The 50 Day MA is in between the 0.38 Fib and 0.5 Fib and the 200 Day MA is doing its job exactly at the 0.618 Fib.....clockwork here.
Let's embrace the pull back and most importantly, be ready to take advantage of it.
If you do not have a Top 7 Mega Cap in your portfolio....$AAPL holding one of these support lines should be very attractive to you.