AAPL/USD Daily TA Cautiously Bearish

3. Juni 2022

AAPL/USD Daily cautiously bearish. *AAPL has just experienced a Death Cross (50 MA below 200 MA). Equities and crypto are both down again, as fears of a recession are currently being amplified by low unemployment + low growth + inflation and a very hawkish (and fashionably late) Fed.* Recommended ratio: 25% AAPL, 75% Cash. Price is currently trending down after being rejected by $149 minor resistance; the next support is at $138.46. Volume remains moderate and has favored sellers in three of the past four sessions. Parabolic SAR flips bearish at $135.74, this margin is mildly bearish. RSI is currently trending down at 45.39; the next support is at 35.61 and the next resistance at 57.58. Stochastic crossed over bearish in today's session and is currently trending down at 88, the next support is at 70.77. MACD remains bullish and is currently trending up slightly at -3 as it is beginning to form a soft peak just below -2.36 resistance. ADX is currently trending down at 20 and is beginning to form a trough as Price is falling down after a resistance rejection; this is neutral but can switch to bearish if it can confirm a trough formation accompanied by continued Price depreciation. If Price is able to bounce here, it will likely retest $149.05 minor resistance. However, if Price continues to break down then it will likely retest $138.46 support (which may coincide with the lower trendline of the Ascending Channel from January 2019). Mental Stop Loss: (two consecutive closes above) $149.05.