$AAPL TOP 20
Added 2023-12-10 11:32:50 +0000 UTCOn the $SPY chart we said that the next strong resistance for $SPY is at its All Time High line and we can see on the $AAPL chart that it is the same here too, after posting a higher high this week.
Could this finally cool off after reaching its ATH line, which was a trigger in July that caused a 3 month decline....it may be the only thing to slow or stop this aggressive climb.
The white fib levels are taken from the ATH line and again the 0.618 Fib will be at the 200 Day MA by then but I believe it is unlikely that we'll get a pull back all the way to this level at this stage....that being said, $GOOG did manage to achieve this.
$AAPL for me is not a buy at these levels, only when a legitimate wave 2 completes would I consider a position.
But $AAPL represents the market very well here.
