Previously:
- June 29th: AAPL: went under 4.236 extension for a moment, but closed above it (link).
- June 28th: AAPL: Still holding the previous 4.236 extension, would not be aggressive on the short side while this line holds. Experience tell us not to do it.
- June 25th: AAPL, looks more like an ABC retrace on the path to 161 (link)
Current Update:
$AAPL held the line at the 4.236 extension and now at a minimum should hit 162.95 with potentials to extend to 172.9 (link). Support for higher subdivisions toward the 170 and 190 needs to hold 156.17, this is extremely clear on this medium term chart (link).
Micro should hold 155.77 and 153.22 (link); under any scenario a break under 153.22 is constructive.
Post Earning Idea:
There’s only about a 17% probability AAPL will touch $192 by the end of the year. And if you think AAPL will have trouble maintaining its current price and are bearish on it, the long put vertical that’s short the 157.5 put and long the 162.5 put in the Sep weekly expiration with 37 DTE is a bearish strategy that, depending on where AAPL opens up today, has about a 60% prob of profit at expiration.
