1-Hour Chart Technical View
Apple’s 1-hour chart shows a constructive rebound from the early September selloff. After reclaiming the $236.7–$238.2 zone, price is consolidating beneath $241.3. MACD has eased back toward neutral and Stoch RSI is mid-range, indicating digestion after the recent pop.
* Immediate Support: $237.9–$238.2 (short-term breakout retest)
* Major Support: $236.7 (trend-defining pivot)
* Upside Zone: $241.3–$243.8 is the next key resistance band; a breakout above could open $245–$250
9 EMA remains above the 21 EMA, keeping the micro-trend bullish as long as $236.7 holds.
GEX & Options Flow
Options positioning supports the idea of a slow upward bias:
* Call Walls: $241.3 (highest positive NET GEX / call resistance), $242.5, and $245.
* Put Support: $217.5 is the main deep downside hedge.
* GEX Bias: Modest call concentration at ~6.7% with IVR ~14 (IVx ~26.5), showing lower option demand and relatively quiet volatility pricing.
This suggests market makers are not pricing in a major move but will likely support dips near $236–$238.
Trade Thoughts & Suggestions
* Swing Idea: Enter on dips into $238 with a stop below $236.5, aiming for $241.3–$243.8 and possibly $245–$250 if momentum improves.
* Scalp Idea: Buy quick pullbacks to $238 or play a clean breakout above $241.3 with volume confirmation.
* Bearish Scenario: A decisive break under $236.5 could test $232 and lower.
Quick Take
AAPL is building a steady base just under $241. For Sept 17, holding $238 keeps the bull case intact with $241–$245 as the upside zone to watch.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
Apple’s 1-hour chart shows a constructive rebound from the early September selloff. After reclaiming the $236.7–$238.2 zone, price is consolidating beneath $241.3. MACD has eased back toward neutral and Stoch RSI is mid-range, indicating digestion after the recent pop.
* Immediate Support: $237.9–$238.2 (short-term breakout retest)
* Major Support: $236.7 (trend-defining pivot)
* Upside Zone: $241.3–$243.8 is the next key resistance band; a breakout above could open $245–$250
9 EMA remains above the 21 EMA, keeping the micro-trend bullish as long as $236.7 holds.
GEX & Options Flow
Options positioning supports the idea of a slow upward bias:
* Call Walls: $241.3 (highest positive NET GEX / call resistance), $242.5, and $245.
* Put Support: $217.5 is the main deep downside hedge.
* GEX Bias: Modest call concentration at ~6.7% with IVR ~14 (IVx ~26.5), showing lower option demand and relatively quiet volatility pricing.
This suggests market makers are not pricing in a major move but will likely support dips near $236–$238.
Trade Thoughts & Suggestions
* Swing Idea: Enter on dips into $238 with a stop below $236.5, aiming for $241.3–$243.8 and possibly $245–$250 if momentum improves.
* Scalp Idea: Buy quick pullbacks to $238 or play a clean breakout above $241.3 with volume confirmation.
* Bearish Scenario: A decisive break under $236.5 could test $232 and lower.
Quick Take
AAPL is building a steady base just under $241. For Sept 17, holding $238 keeps the bull case intact with $241–$245 as the upside zone to watch.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
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.