AAPL Trade Set-up

AAPL did exactly what we thought it might do, based solely on market behavior alone and then 3C confirmed our thoughts... This AAPL Update contains most of the links to the series of signals, thoughts and confirmed moves...

Essentially, the small H&S fractal pattern shook out NEW shorts just as the larger ones do, this happened yesterday.

 The 1 min chart is not quite in line...

This shows AAPL getting ready for the shakeout move and making it yesterday above the H&S neckline where shorts place their stops.

The longer 3 min chart shows heavier distribution

And the 5 min chart shows even heavier.

Some of you entered puts on AAPL yesterday on the shakeout move, I left the AAPL short equity position open, but will look for an opportunity to open new puts after closing some Friday for a 25% gain in anticipation of this shakeout move.

Now we are back below the neckline, but the former low may offer temporary support. I want to open a put in AAPL on upside momentum and fading 3C charts so I'll watch for a bounce off the yellow support area which is weak, we may get a shot at this today.