AAPL (Apple Inc.) has just hit the second price target (T2) with the ‘potential’ (unconfirmed) divergences still in place. Consider booking partial or full profits and/or lowering stops if holding out for any of the additional targets. Daily chart below.
AAPL daily Sept 27th
AAPL isn’t the only of the ‘Magnificent 7’ at or very near key support right now. While I still expect these support levels to ultimately get taken out & relatively soon, with multiple key stocks at support with divergences in place, it does appear that the odds for a reversal & tradable bounce here are favorable although solid breaks & especially solid daily closes below these key support levels would be bearish. Also, keep in mind that we have both GDP & Jobless Claims at 8:30 am EST tomorrow morning, both likely to move the market one way or the other.