AAPL (Apple Inc.) has just hit the top of the second target (T2) zone as well as the downtrend line off the recent highs with a reaction/reversal off these dual resistance levels likely. Removing the potential T3 as the R/R is no longer favorable to remain long at this time. Keep in mind that as the largest weighted component in both indexes, a reversal in AAPL would most likely mean a reversal in QQQ & SPY as well. Previous (Sept 2nd) & updated 60-minute charts below.
AAPL 2nd Price Target Hit, Reversal Likely
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