AAPL Weekly view shows how overextended this bullish trend really is. RSI is currently over 80 and has been over 76 since October.
Yellow ascending wedge protrudes out the top of the main blue multi-year resistance line. (from Outter Space AAPL chart) In the history of AAPL, there are no instances where price spikes out the top in such a manner. The blue resistance and yellow wedge resistance are leaving little option for price but to go DOWN.
I play the pattern, events, and cycle. I do not hate AAPL because I think price will go down short term as a pullback. No hateful comments please.
Today's - AAPL 4Hr View chart and News
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL, ROKU
Okay I bite. In 5 Bear calendar spreads 10 Jan 265P v 13 Dec 265P, for net debit $3.45. Seems like a fair R/R. An optimistic Trump tweet will kill this trade!
DaddySawbucks
⋅
Wow it moved so fast I had to roll out of the short calendar spread into a diagonal; now short Dec 260Ps!
MoneyPatterns
⋅
@DaddySawbucks, I see we broke a 1Hr trend line just now. Break of $256 for me will confirm selloff.
Glad we are headed in the right direction.
MTUM is showing resistance and trendline cross on 12/13 (this Friday) right before tariffs.
This is my play. I am also in the Dec 260 Puts. Welcome to the downward elevator friend :)