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On this day when the Dow hit the highest point in human history while at the same time the NASDAQ hit “correction territory” since it is 10% off its own highs, let’s catch up with some big markets.
The Dow Composite, aided by the Industrials, tagged its upper trendline. The wedge says it all, though.
If you wanted to short Wendy’s, but missed the drop, I think a second chance is coming up. I think a stop-loss of $21 makes sense.
If there’s one chart that succinctly shows how rotten gold has been versus Bitcoin, it’s this one:
To come straight to the point, I think Apple is heading for a big fall, with a target price at the price gap I’ve pointed out.
