Chart update AAPL breaches lower parallel while QQQ is there

A lot has happened in one day:

  1. AAPL breached its lower parallel; given the path of bubble stocks that have already breached their lower parallel and have continued to go down, this only confirms the new trend (e.g., ABNB, AMD, AMZN, BE, BIDU, BLNK, CVNA, DASH, FCEL, NIO, NOW, OKTA, PDD, PLUG, PTON, PYPL, SHOP, TSLA, and ZM);
  2. QQQ is at the lower parallel, a key level;
  3. V and MA are breaking out on the upside;
  4. GM is strong and holding near its highs; and
  5. JNJ bounced off its lower parallel.
at lower parallel

Leave a comment