Benji

AAPL Falling from the tree??

NASDAQ:AAPL   Apple Inc
55 0 4
This monthly bar does not look so hot for AAPL             . With 1 trading day left to go, we're going to watch and see where this candle closes.

If we close here, I would expect another retest back up into this grey zone and wait for an entry to sell calls or put on some debit spreads 50% up the wick. This is a more conservative entry.

A longer term, more aggressive entry could enter on the close of this candle and/or the break of the low.

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