11 days ago I shared that the Nasdaq 100 had created an ugly pattern (see post here) and that it could get “very ugly if Apple would break support!”
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The above chart is a “weekly chart” which reflects that Apple is testing the bottom of its rising channel. The week is far from over, yet if Apple on a weekly basis would close below this line, it would bad for Apple and the NDX 100.
Last Thursday I shared that the NDX 100 pattern, which was ugly a week earlier, had changed to bearish (see post here). The pattern two weeks ago suggested that PSQ should do well, a break of support in Apple would push prices of PSQ a good deal higher!