There are several charts for AAPL (long) that look interesting, I would not enter more than a partial equity position at the moment as there's a bearish triangle that could be used for a stop-run/head fake move and that's where I'd really want to enter or enter options/calls.
Here's that triangle I mentioned, a perfect head fake set up with a downside break, creating a bear trap.
The 1 min chart during the triangle gives us good reason to believe any downside break would be a head fake move.
3 min AAPL
3 min intraday
5 min leading positive
10 min leading positive...
I think I'll enter a 1/2 size trading position (equity LONG) and wait on the other half or possible option/calls.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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