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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๏ผ
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 $Apple(AAPL)$
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