Apple Day

The world has changed: Now apple announcement days move the market more wild than Fed announcements.

The 11:00 HOD reversal almost seemed like a Fed day.

The daily range was breached in an intraday double distribution breakdown lower.

But it failed to garner any real interest, stalled, and reversed higher into the close.

But the range is broken, and it's the sellers game to lose.  Without seller extension, the responsive short covering will thrust price back up into the range.