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Apple defines the S&P500 and both are showing similar signs indeed; Possible up to test resistance and then fall to another low!
@Asphen:Recent key movements - MA5 crossed below MA20 on 3 Aug, tested lower BB and crossed above MA20 29 Aug, tested the upper BB. Back down below MA20 but not tested BB yet. - Bullish buys around Fib 38.2 level at 178 and also triangle support at 175 Possible Bearish movement (more likely) - Reading a buy push to MA20 (180) before rejecting down to the lower BB and MA20 at 165 (MA200 purple and also Fib level) - More likely movement in conjunction with S&P500 setup with possible bearish move below 430 Possible Bullish Movement (less likely) - Break MA20 (180) and then test triangle and break MA50 at about 184/185, rejecting at upper BB at 190 My plays - Still on manual strangles with sold puts 140 and 145 - If breaks above or testing MA20, might consider selling calls for upper strangle - Either way, will sell more puts when it breaks to 165 as good support at 165 and 155 Apple Daily Chart - 24 Sept 2023 @LMSunshine @TigerStars @macroB @CaptainTiger @Deposit @CaptainTiger $Apple(AAPL)$
Apple defines the S&P500 and both are showing similar signs indeed; Possible up to test resistance and then fall to another low!Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.