AAPL is maxed out on multiple indicators.
RSI is almost at highest recorded - 83.
MACD maxed out ready to flip.
Filter dots show bullish trend is exhausted and can turn down any day now.
Price is almost at blue resistance line from 1997 to Present.
$280 price point is almost unattainable with given circumstances, but this is highest possible price I see (overshoot) from euphoria.
The higher we go at this point, the more severe the selloff will be in my opinion.
Options expiry 12/20 and also 12/27. I am playing the pre-Christmas possible selloff.
By 12/1 or sooner I expect to see AAPL downturn. If we do not see this, I will buy other Puts further out and keep current puts.
Risk reward is favorable here with situation of AAPL, trade news, chart, price, etc.
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, VIXY.
Short SPY and AAPL.
RSI is almost at highest recorded - 83.
MACD maxed out ready to flip.
Filter dots show bullish trend is exhausted and can turn down any day now.
Price is almost at blue resistance line from 1997 to Present.
$280 price point is almost unattainable with given circumstances, but this is highest possible price I see (overshoot) from euphoria.
The higher we go at this point, the more severe the selloff will be in my opinion.
Options expiry 12/20 and also 12/27. I am playing the pre-Christmas possible selloff.
By 12/1 or sooner I expect to see AAPL downturn. If we do not see this, I will buy other Puts further out and keep current puts.
Risk reward is favorable here with situation of AAPL, trade news, chart, price, etc.
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, VIXY.
Short SPY and AAPL.