It's been a rough couple of weeks for any long-biased traders, but I see a potential setup opportunity for a range-bound play that can either be taken on confirmation (TAKE NOTE: CONFIRMATION, not TOUCH) of bottom channel trendline, or on a break of the downtrend line within the channel if you want to play it even safer (or do both and size in...)
I have no position, but will be watching, as AAPL's success will ultimately lift quite a bit of the S&P
Trade closed: stop reached
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Ha... well there we go learning something about throwing in the towel too early. notice the area we gapped up to ;)