Apple drags US100 lower, key support level near!
Early morning optimism has evaporated on the markets and a return of US investors brings a renewed pressure on the big tech stocks – the same names that drove US indices higher throughout the summer. This could be a pivotal session – markets were not able to successfully rebound from the key 10930 support and the weekend is coming. A break below that level could send a bearish signal.
Traders should also watch Apple stock that is trading just on the trendline. Again, a break lower could send a bearish signal and weigh on the whole US100 index.