Is Apple sending a bullish message to the overall Tech market? Sure could be
Apple (AAPL) is working on a breakout above last year’s highs at (1), after creating a series of higher lows over the past year.
Tech ETF QQQ has been a similar-looking pattern to Apple over the past few months, as it is near old highs while creating higher lows.
Is Apple’s upside breakout suggesting that QQQ will follow in its footsteps and breakout?
Strength by AAPL going forward does increase the odds of QQQ succeeding in breaking out to the upside.