QQQ/AAPL Sell Alert 8.2.18-
QQQ SELL Alert @ 177.50-178.50-
AAPL is competing a weekly/daily projection target @ 205-06– We see limited visibility beyond this level and opens the name up for a snap back to FV-
*Given the weighting AAPL has in QQQ, this would obviously have a neutral- negative impact on QQQ-
Traders/PM’s are advised to establish a short position in QQQ @ 177.50-178.50- starting today.
-Here is the weekly schematic of AAPL- notice almost every new recovery High has led to a pullback to FV-