"Support Becomes Resistance." That is exactly what has just happened here. Although, I don't feel the 200 really put up much of a fight as support. The resistance on the other hand is going to be, and is already proving to be, a beast.
Maybe that was just a rope a dope because Amazon went through it's 200DMA like a knife through better or maybe more like a boxer taking a dive, no fight at all.
Will the cartel be out in defense now that it's closed below this level and will we see the rotation out of AAPL back to this turd as a result or will we see a few of the cartel come out hard negative on this turd?