Apple respite before sell off

11 Nis

Apple bounced straight of major support at circa $170, with the SMI now also rising we could see a few weeks of short term respite before continuing down to test the major support line again. Also notice a backtest of the rising trend at around 21%.

Long term view is still bearish, don't think we've seen the yearly bottoms yet. Will be interesting to see how this plays out especially with bonds.

20 May

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