Price Action & Market Structure
* AAPL is trading around 239.8, consolidating after multiple rejections near 240.5–241.3.
* Price is still within a rising channel, but short-term momentum is softening.
* Structure remains constructive as long as price holds 239–238.5 support.
Key Levels
* Resistance (Upside Caps):
* 240.6–241.3 → Immediate resistance.
* 245.0 → 2nd Call Wall resistance.
* 247.5–250 → Heavy Gamma resistance zone.
* Support (Downside Floors):
* 239.0 → Key intraday support.
* 238.0–238.5 → Secondary support buffer.
* 232.5–227.5 → HVL + Put Support anchor.
Options Sentiment (GEX & IV)
* GEX: Tilted slightly bullish, with Calls outweighing Puts.
* IVR: Low at 11.6, showing options are pricing muted moves.
* Gamma Walls:
* 245–250 = Strong upside cap.
* 232.5–227.5 = Strong downside support zone.
Indicators
* MACD (15m): Slight bearish momentum showing, indicating short-term consolidation.
* Stoch RSI: Resetting near oversold, which could allow another push higher if buyers step in.
Scenarios for Today
Bullish Case (if 239 holds):
* Hold above 239.0, push through 240.6–241.3.
* Targets → 243.0 → 245.0, with possible extension to 247.5–250 Gamma Wall.
Bearish Case (if 239 breaks):
* Lose 239.0, test 238.0–238.5.
* If weakness accelerates, deeper pullback toward 235.0 → 232.5 HVL zone.
Trading Thoughts
* Longs: Favor dip entries near 239.0–238.5 with bounce confirmation, targeting 241–243.
* Shorts: Fade rejection at 241–243, stops above 244.5.
* Stops:
* Longs → below 238.0.
* Shorts → above 244.5.
Summary
AAPL sits at a pivotal 239–240 zone. Holding this support opens upside to 243–245, with Gamma resistance capping higher at 247.5–250. If 239 fails, expect a quick dip into 238–235, with stronger support at 232.5–227.5. Low IVR suggests controlled moves, but GEX positioning favors mild bullish bias unless support breaks.
⚠️ This analysis is for educational purposes only and not financial advice. Always manage risk properly.
* AAPL is trading around 239.8, consolidating after multiple rejections near 240.5–241.3.
* Price is still within a rising channel, but short-term momentum is softening.
* Structure remains constructive as long as price holds 239–238.5 support.
Key Levels
* Resistance (Upside Caps):
* 240.6–241.3 → Immediate resistance.
* 245.0 → 2nd Call Wall resistance.
* 247.5–250 → Heavy Gamma resistance zone.
* Support (Downside Floors):
* 239.0 → Key intraday support.
* 238.0–238.5 → Secondary support buffer.
* 232.5–227.5 → HVL + Put Support anchor.
Options Sentiment (GEX & IV)
* GEX: Tilted slightly bullish, with Calls outweighing Puts.
* IVR: Low at 11.6, showing options are pricing muted moves.
* Gamma Walls:
* 245–250 = Strong upside cap.
* 232.5–227.5 = Strong downside support zone.
Indicators
* MACD (15m): Slight bearish momentum showing, indicating short-term consolidation.
* Stoch RSI: Resetting near oversold, which could allow another push higher if buyers step in.
Scenarios for Today
Bullish Case (if 239 holds):
* Hold above 239.0, push through 240.6–241.3.
* Targets → 243.0 → 245.0, with possible extension to 247.5–250 Gamma Wall.
Bearish Case (if 239 breaks):
* Lose 239.0, test 238.0–238.5.
* If weakness accelerates, deeper pullback toward 235.0 → 232.5 HVL zone.
Trading Thoughts
* Longs: Favor dip entries near 239.0–238.5 with bounce confirmation, targeting 241–243.
* Shorts: Fade rejection at 241–243, stops above 244.5.
* Stops:
* Longs → below 238.0.
* Shorts → above 244.5.
Summary
AAPL sits at a pivotal 239–240 zone. Holding this support opens upside to 243–245, with Gamma resistance capping higher at 247.5–250. If 239 fails, expect a quick dip into 238–235, with stronger support at 232.5–227.5. Low IVR suggests controlled moves, but GEX positioning favors mild bullish bias unless support breaks.
⚠️ This analysis is for educational purposes only and not financial advice. Always manage risk properly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.