Good afternoon everybody! Loopy day in the present day available in the market and rather a lot to go over. Had hole up over the weekend after $TSM and tech semiconductor firm beat earnings and boosted forecast for subsequent quarter.
Sluggish day to begin off till the large information got here out that shook the market. $AAPL plans to sluggish hiring and spending for some groups in 2023 and APPL being sued over apple pay, accused of antitrust violations.
This information appeared to actually shake the markets because the tech big is displaying indicators of the rising inflation and glooming recession on the corporate itself. Hit some help earlier than shut now ready on the remainder of the earnings reviews to come back out in AH.
With that being mentioned this morning we opened proper on the prime of the bull flag channel on the day by day and the highest of the bearish pennant on day by day as effectively. Couldn’t collect up steam and melted down.
Listed below are the degrees I will probably be awaiting tomorrow:
BULLISH: Above 383.80
BEARISH: Beneath 380
Assist: 380, 377.54, 373.18
Resistance: 383.80, 389.97, 393.16
All people have an incredible day and see you guys tomorrow in PM!