|4 hour zoomed – 30 min inset –|
The chart to the right shows a channel created over the last 2 months. The only blips in trend have been in the last week.
The NDX is acting as if 2600 is the boogy man BUT every dip into the lower trend support has been bought with conviction.
That being said if the lower trend channel fails there is a lot of air.. if 2600 is mounted and held.. 2620+ could be in the cards, especially if apple decides to run into 550.
|AAPL 4 hour. zoom|