$AAPL I dropped a chart wednesday after the bell pointing out Apple was in trouble short term after breaching that 430 level. We did see a nice 9 dollar bounce off the overly watched 420 level and when everyone is watching a certain level to hold its rare that it will. Similar to my note on the SPY , we are stretched here to the downside. Does not mean we cannot push lower, but odds start to favor retracement like action. Fridays lows, 418-420ish, and then the breakdown level up near 430 are the resistance levels to watch in the short term. I am holding some July 410 calls I picked up around 409 yesterday and I could be out of those as soon as Monday if I do not like what I see. Stay objective. This is a chart.