Today’s Stock Market Rally
In my post on Friday about the Apple court ruling possibly being the pin to pop the stock market bubble, I commented about a likely, sharp rally today. Looking at the charts, I don’t think the S&P is likely to get much beyond 4490-4500, if that. September 10, 2021 – 12:42 pm at 12:42 pm (Edit)
“I actually think we could see a very sharp spike up, say Monday, for the stock market. Very high volume and lots of negative divergences and technicals and down the drain, after that.”
Barring a major short squeeze late this afternoon, it looks like today’s opening rally was it. I don’t think Apple’s new product day tomorrow is going to do much to juice the stock or the general market. In fact disappointment in the stock’s reaction tomorrow could lead to a major selloff in both AAPL and the general market.