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AAPL Enters a Digestion Period


After breaking key intraday support at 580, then following through to an intraday low at 572.26, and a PF print of 574, Apple Inc. (AAPL) has reversed with the overall market.

This reversal has allow AAPL to recover to a PF high print of 584 (585.80 intraday) in a pattern that appears to be morphing into a congestion area between 590 on the high side and 572 on the low side.

A thrust above 590 (592 print) will argue that the current digestion represents a bull flag within a still-active recovery rally, while a decline that breaks 574 (572 print) will suggest that AAPL has broken down from a secondary topping pattern in the aftermath of its sharp recovery-correction from 506.

As of this moment, AAPL is betwix and between, but with a near-term upward bias.

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