So after spending some more time this morning on Apple, I am not sure I am as optimistic as the other day. I made the comment on my chart from the other day that as I look at the "weekly" chart I'm a fan...but I am not so sure after spending the morning on the 1hour.
I think my biggest concern is this, basically quad bottom. Obviously it doesn't show up on the weekly like this, but it certainly gives me a different perspective on how I might play Apple over the next week or so.
Also the new triple EMA strategy shows:
15ema - down
30ema - down
50ema - down
Watching the bounce at $126.82 for possible PUT entries. $AAPL.
I think my biggest concern is this, basically quad bottom. Obviously it doesn't show up on the weekly like this, but it certainly gives me a different perspective on how I might play Apple over the next week or so.
Also the new triple EMA strategy shows:
15ema - down
30ema - down
50ema - down
Watching the bounce at $126.82 for possible PUT entries. $AAPL.