$SPX & $AAPL: Is This the Real Rebound or Just Another Bull Trap?
Heavy trading volume has sparked renewed optimism across both the broader market and Apple, reinforcing the possibility of a short-term rebound.
However, key technical levels remain under pressure. Whether buyers can sustain momentum this week will determine if the recovery gains traction or proves to be another temporary bounce within the prevailing downtrend.
1. $S&P 500(.SPX)$
The high volume across the Magnificent Seven on Friday opened the door for today's bounce.
To invalidate the recent pattern of early-week rallies that fade by Tuesday or Wednesday, price action must hold the current zone, otherwise the bearish diagonal will be revalidated.
2. $Apple(AAPL)$
Friday's gigantic volume signals validation for the reversal following the Bollinger breach.
A gap fill attempt could be coming as part of the downtrend marked by the 20DMA moving down.
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