The capitulation rebound failed on Friday since it did not get back to $455. The hourly signals on AAPL indicate that even if the stock gaps down on Monday, the temporary bottom would be formed and an immediate bounce would occur intraday. Thus, it will be the second try of a capitulation reversal. The major risk is that SPY has topped, which would hinder AAPL's reversal performance and would keep it punished at extreme oversold levels. Wait for price confirmation for longer term trades.
I rather choose a small gap down (to ensure the second time at extreme oversold) than to open flat and shake for a day.
