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⋅ ES RSI is oversold, RTY is not there yet and NQ is neutral as shown.
AAPL earnings tonight. If you go long today, you're betting on AAPL. Simple as that. I expect them to beat but guidance is a real question mark.
Keep in mind AAPL is a lot closer to the top of the trading range than the bottom.
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⋅ AAPL options premium indicate a 4.3% move on earnings, we could potentially see a 1% gap in either direction tomorrow morning.
Honestly, I'm bearish on guidance, but not enough to bet on it which is why I'm cash.
I also didn't trust the Village Idiot Powell, so I didn't trade yesterday except a small EOD play.
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⋅ OPEN GAP after he break, so more whipsaw ahead.
Quite frankly, there was nothing in the AAPL earnings to be bullish about. I might take a break until daily indicators tell me something.
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⋅ Also, employment numbers premarket