Yeah, looks like it’s a breakout but as Randy says he likes to see an impulsive breakout. It doesn’t seem impulsive so who knows there might be a backtest again on that red line, or it might be a false breakout or a real breakout. That’s how it works lol.

Good chart.

AAPL currently above $123.5x and looks like escaping above the upper trend-line in you chart.
Perhaps means downtrend ending for now? Especially if it closes above?

Nice chart, thx for sharing. A case can be made to be long AAPL as it put in positive divergence on the 60-minute chart when QQQ hit that key 297ish support/target on the daily chart although one can’t argue that the near-term trend is anything but bearish with AAPL making lower lows & lower highs within that channel. Of course, a solid breakout above the channel would be bullish so definitely worth watching.

Y.W. Still anyone’s game (bulls or bears). Can’t rule out the possibility that last week’s rally was just a typical countertrend rally within a larger correction with more downside yet to come & of course, a case can be made that the recent correction in the $NDX is over with new highs soon to come. Still leaning towards the former based on all recent extremes in various sentiment indicators, divergences, etc.. that were highlighted over the past couple of months but not married to that or any scenario at this time.