Gazillion charts on this already.. Heres my 2 cents... After the Intra day high of the apple event tomorrow short this back to the 130's..
The thing about rising wedges though is that they usually come with a dead cat bounce a few days after the initial wedge fall out. This bounce will probably come at around 145 (Purpleline). You can either at this point scalp calls or add more shorts.. Dont buy the dip atleast till high 130's..
in the end forget my opinion and just follow the money. Volume hasnt been this high since mid july and its all selling. Fade the green tomorrow.
Good luck
The thing about rising wedges though is that they usually come with a dead cat bounce a few days after the initial wedge fall out. This bounce will probably come at around 145 (Purpleline). You can either at this point scalp calls or add more shorts.. Dont buy the dip atleast till high 130's..
in the end forget my opinion and just follow the money. Volume hasnt been this high since mid july and its all selling. Fade the green tomorrow.
Good luck
