Apple Stalls, Nasdaq Implications

$AAPL $QQQ

AAPL 0.00%↑ printing an ugly candle this morning, failing at a familiar price. It’s a no touch for now on the long side, and the price action has broader market implications.

AAPL 0.00%↑ is over 9% of the QQQ 0.00%↑ . After breaking into the unfilled gap on the upside, QQQ 0.00%↑ is retrenching on the news of the day. A retest of those prior AVWAP pivot points seems logical.