The S&P hit major resistance and then closed below giving bears the edge - the next candle close on the daily is very important as it could determine the near term price action.
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Bad luck getting stopped out. Apple is up 48% on the year on 4 quarters of falling revenue and i expect terrible phone sales, but the trade is very overcrowded and S&P ETF trades etc just force more buying. I amJust going to layer in and wait for the bubble to burst. My target is $130 once China sales evaporate
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155by end of this month
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structure says 200++ in coming days
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Losing share of cour core product to a Chinese rival in your biggest market is worth more than 1% downside. Thd trade long Apple is so overcrowded Im happy toDouble down at 175.85 and wait for people wake up to reality. Earnings falling for 4 quarters and a P/E well over 30 doesnt end well
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Funding genocide will hurt US companies such as Apple.
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Sh!te earnings!
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Short at 177.30Its up 6% for the week, but i think the results are going to stink. Chinese dont want iphones. Those who have one dont need expensive upgrades for very little extra functionality.
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it seems a short term bullish trend. can hit 200 in coming session
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Anyone know why people living off credit cards, laden with debt and cant afford food might be skipping the $1000 very slightly better camera upgrade?