Updated following Apple trading 522 Thursday Nov 15th. Light blue line is 600 level…
What is next? well given the nature of past behavior of apple following large sustained slides (think back to this spring) Apple usually has a sharp reversal to correct the trend and resume upward..
This time it feels a bit different as the 1 year trend line failed and continues to fail without any of the typical violent reversal days we are used to seeing in Apple…
now that 590 failed.. we got a whole new can of worms as those who bot the 600 level are now getting stopped out.