Uber-bellwether AAPL looked poised at the end of last week to take out a 176.52 Hidden Pivot resistance where it stalled a week earlier. A success would propel the stock above a challenging ‘external’ peak at 176.15 recorded last week and possibly two other earlier peaks, including the record 182.94 from January 2022. A move surpassing that last top would set the stage for AAPL to lead the wilding spree higher when Chipotle and Microsoft shares take a breather. Advanced Pivoteers should take note of a couple of voodoo opportunities to get short with risk tightly controlled, even if last week’s strength spills into this one.
AAPL – Apple Computer (Last:175.43)