Neutral to Bullish
Number of days in this trend: 13
AAPL's Pay Day Cycle status is Neutral to Bullish today after a very interesting and very volatile day yesterday.
The stock had a gap down this am and quickly rose to test yesterday's highs at $102.57. It hit $102.54 and turned around, its now trading at $102.20 as I write this.
Today is the 14th day in a row we've had a green hiekin ashi bar which means today we are breaking a 2 year record for most consecutive days in a row.
AAPL's DEMA's are still crossed to the bulls and trending higher but because of the consolidation over the last few days the lines are very close to each other.
The MACD has been slowing for the last few days and is showing another red bar today, so the pattern has been red on Tuesday, green yesterday and red again today.
So we have some indicators still slowing and a lower high today in price but as I wrote a few times this week the element of surprise here is extremely high.
Yesterday Rob said this in our Chat room which I think pretty much sums it up… "At this point I think all technical data for AAPL has to be disregarded until the phone release, either stay long or stay on the sidelines"
As we get closer to Sept 9th the rumor mills are piling high with more speculation about 2 larger iPhones and a game changing iWatch. Other numbers are coming out that this upgrade cycle into the iPhone 6 will be the largest in history. Where a ton of people have been inquiring about upgrading ( way higher than the norm ). And many people who still have the 4 and 4s have been waiting for the last year for this new, larger phone to come out.
I will be buying the iPhone 6, and if they come out with
an iWatch, I will buy that as well, will you?