Bearish
$AAPL $SPY Trade Idea Apple has been on quite a run since $230 with no significant pull backs at all. I am longterm bullish on apple, but do expect a pull back soon. Starting to see some signs in the indicators that this may be a local top. Friday's candle ended with as a Doji and RSI is starting to show bearish divergence. Though it is slight it is typically one of my favorite signs that a run is over. Going to be watching this tomorrow morning to see how it opens up. Expecting a pull back into the low 290's over the next few weeks. Follow me for additional trade ideas and discussion.
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