If apple were to have a rip your face rally here everyone would be surprised.
Most longs are already out and have given up hope...
Every retail short on earth has piled into the stock with zero fear...
Apple turning around and rallying to 600 would catch a lot of people with their pants down and take the S&P another leg up also surprising a boat load of people.
Just a thought...
That's been the theme for a few years now. It looks to inflict max pain wherever it can. Most of the time the trades do not make sense. Look at AAPL vs. NFLX of course short percentages dictate a lot of the pain.
It also helps that it bounced off a long term trend line twice... Scary to think what happens if it breaks.
buy when they hate you, sell when they love you.
its all gonna be fine, dont worry.
Sentiment: Strong Buy