- Day of Apple closed near 50 Day SMA. Price is yet to test the Daily Ichimoku cloud as seen in the 2nd chart.
- Weekly chart shows a bearish candle with one of the highest volume in recent times.
- Price has fallen from 644 to 570 levels and the Weekly MACD sell signal is yet to come. If bears get a sell signal then things will be bad for Apple Bulls. It's only a possible scenario and let 50 Day SMA or the Daily cloud save Apple bulls from a bigger fall.
- APPLE TREND UPDATE
- S&P 500ANALYSIS AFTER CLOSING BELL
- Daily chart has closed below both 20 and 50 day SMA. But price remained inside the bearish flag.
- 2nd chart shows price consolidation above daily ichimoku Cloud. Price yet to test the cloud.
- One hour chart shows 50 Hour SMA below 200 Hour SMA a potential bearish setup But price need to confirm by breaking the support levels mentioned in the chart.
- APPLE TREND UPDATE
