Apple

AAPL SELLOFF before a bullish move after earnings?

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AAPL has been trending up and momentum has slowed during the middle of the week last week, at a fibonacci resistance level. Indicators show a slowing in momentum and there could be major selling; if there is major selling over the next few days then AAPL could be looking for a jump after earnings. Slow Stochastic is extremely high, yet RSI is balanced, majoring selling would likely send RSI into oversold and after hours there could be a major order. AAPL also formed a double bottom so it could be looking for resistance at the trend line. Looking for major selling with below average volume.

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