$AAPL TOP 20
Added 2023-10-22 19:19:37 +0000 UTCWe will notice from all the charts uploaded this evening that the Mega Caps, with the exception of 1 or 2 are all looking stronger than the $SPY, they have all managed to keep their structure and are working their way through their Fib support levels.
This is a positive sign as it gives them some breathing area until they report their earnings.
We could see on the $TSLA chart before earnings that it was a long way away from its 200 Day MA and it released a damaging report and the price sunk to its 200 Day MA and below.....this is what we do not want to see from their other Mega Caps.
So for $AAPL, it still has the 0.78 and 0.887 Fibs to hold support and we can see that the 200 Day MA is at the 0.887 Fib, we want $AAPL to hold one of these levels.
A break down here and at the red line at $167, would put the structure in a difficult position, however, the impulse wave does not become invalid unless the price goes below $157, which is the top of Wave 1.
