You can see the resting sell orders around yesterday's high got cleared out along with the bid ask delta going green. At 2825 looks like we ran out of buyers before we ran out of sellers. Market still inside the hard drop range from Friday so I am not keen on going short until I see a second test of today's high or that support at 2820 fail because 2830 seems like it would be a better top. That is a retest of Friday's drop range.
Trades with cats wrote:...... so I am not keen on going short until I see a second test of today's high or that support at 2820 fail because 2830 seems like it would be a better top. That is a retest of Friday's drop range.
The doomers are all spilling ink about how Apple will be the final coffin nail for the FAANGs. No way, Tim is too good at this game and he has bazillions of dollars at his disposal. I will go with a pullback because the Fed is not going to be pretty.
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