Last week I wrote that AAPL and the markets needed a rest, sooner rather than later … and they’re now getting that rest.
Here’s what I wrote last Wednesday:
Bull flags forming on the S&P and Dow right now while the Nasdaq is a small Doji high. I suspect that we need another brief rest soon, with even the AAPL powerhouse needing to take a breather, I would say sooner rather than later.
Nothing too dramatic, but an established stock can only keep rising for so many days in a row, and in AAPL‘s case I think there will be a delayed reaction to the large Doji made on 17th November.
So, no surprises and in today’s video I review a number of stocks caught in this retracement as well as a few potential Railroad Track bars.
One bar that I mentioned very briefly on Saturday was CR, which turned on Friday from a Railroad Track setup last Thursday.
Saturday’s workshop was a wonderful day. Thank you to everyone who was involved.