--Apple flag breakout with z pattern base/support
--Holding on the long trend for support
--Note: last breakout and goes to $175. History repeating???
--Risk: earning in 3 days. Stock will react to the ER. Fed meeting 1 week a way and stocks ill react.
--IMO: stocks will goes long at least to the first target regardless to the ER. Apple fundamental still in place even though they had cut production on the iPhone 14. The breakout will hold.
--I would disregard the ER. Hope the FED will be less hawkish (don't fight the FED). $Spy been beating down badly, time for a short rally at least through NOV (election term).
--See chart for detail
--Holding on the long trend for support
--Note: last breakout and goes to $175. History repeating???
--Risk: earning in 3 days. Stock will react to the ER. Fed meeting 1 week a way and stocks ill react.
--IMO: stocks will goes long at least to the first target regardless to the ER. Apple fundamental still in place even though they had cut production on the iPhone 14. The breakout will hold.
--I would disregard the ER. Hope the FED will be less hawkish (don't fight the FED). $Spy been beating down badly, time for a short rally at least through NOV (election term).
--See chart for detail