AAPL-Fibs Big Week

Since AAPL seems to be so much of the market lets look at what happened and what is likely to happen yet. First of all AAPL is human too.  A Daily punch into a descending BB is nothing short of disastrous.  Even for the best company around.  What are the odds it just wouldn't matter?  Zero.  Period.  The Algos hate it and its their first signal to get out.  And they did, to the i tune of (did you catch that?, I have to amuse myself somehow), 72 points.  And in clear algo fashion bounced in between to suck some more suckers in.  It was a classic pattern, so lets look at what probably happens now.

Earnings is always exciting.  It moves fast and hard so where is it going.  Well a washout to the bottom puts 567.27 and 565.03 practically in the bag.  If it gets real frisky then its 543.57 , 548.16 and doubles at 543.56.  But here is the good part.  If we get that level I would think buy it.   At that point not only do we get a double fib we get the rising cloud on a daily chart and that just aint going away easy folks.  It should bounce from there back to the upper fibs.

Be aware of the 50ma below first.  That is one line it will not give up quickly at 566.78 and will create a temporary head fake.