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Is the AAPL Recovery Rally Over?
Apple Inc. (AAPL) has backed away from my Maximum Recovery Resistance Zone at 595 to 605.
That means that if the advance off 506 is a counter-trend rally within an otherwise dominant bear trend, then Apple Inc. (AAPL) could be near or at the end of its run, and will turn down with a vengeance.
If AAPL prints 582, my work will trigger initial warnings that it's recovery rally is over, while downside continuation to a print of 574 will confirm that AAPL has put in a significant recovery rally high.
