Is Apple Headed For A Blue-Sky Run? The iStock Trades In These Bullish Patterns Following Fed Call On Rates
Portfolio Pulse from Melanie Schaffer
Apple Inc's stock (AAPL) is showing bullish patterns, indicating a potential for a short-term rise. The company's stock is trading in an inside bar pattern, which usually suggests a continuation of the current trend. The Federal Reserve's recent decision to increase interest rates by 25 bps has increased volatility in the stock market. Traders can use MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (SPIKE), to track expected volatility in the SPDR S&P 500 over the next 30 days.
July 28, 2023 | 6:15 pm
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NEUTRAL IMPACT
The Federal Reserve's recent decision to increase interest rates has increased volatility in the stock market. Traders can use MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (SPIKE), to track expected volatility.
The Federal Reserve's decision to increase interest rates has increased volatility in the stock market. This could impact the trading of SPIKES Volatility products, which are used to track expected volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Apple's stock is showing bullish patterns, indicating a potential for a short-term rise.
The bullish patterns in Apple's stock, including an inside bar pattern, suggest a continuation of the current upward trend. This is likely to have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100