Apple Inc. $AAPL reports earnings after the bell on Tuesday and things don't look so rosy.
The July FOMC (Federal Open Market Committee) rate decision is on Wednesday, July 27th.
Unless some concrete data comes up until the report, a 25bps interest rate hike or a strong indication of one in the upcoming meetings will send the S&P500 down in an initial "unexpected" spiral.
Here is some TA (Technical Analysis) to support the existence of the support lines :)
Support areas take into account a rapid 2-day sell off on Tuesday and Wednesday, if they occur.
Enjoy.
The July FOMC (Federal Open Market Committee) rate decision is on Wednesday, July 27th.
Unless some concrete data comes up until the report, a 25bps interest rate hike or a strong indication of one in the upcoming meetings will send the S&P500 down in an initial "unexpected" spiral.
Here is some TA (Technical Analysis) to support the existence of the support lines :)
Support areas take into account a rapid 2-day sell off on Tuesday and Wednesday, if they occur.
Enjoy.