AAPL June $625 Put Update

The Trade-Idea: AAPL Scalp (Puts) are just moving in to the green. I had put this out as a scalp trade with some leverage because the longer term is in a transitional area in which it may make for a nice core short entry, but we need a little more evidence that it is turning, the 30 min chart is right about where that evidence is building, but for now I thought a scalp would be best as the signals are there for it. As for the last AAPL update, this is from Friday and covers the longer term scenario in more detail AAPL Update

 AAPL 1 min negative in to last week around our Put entry and a small positive, there's some light support in the area on a small H&S-like neckline which AAPL is sitting right near.

 AAPL 2 min and right in the area of that neckline, although this isn't a major H&S top.

Again, AAPL at near term support, the scalp trade I envisioned would be a break below this support.

AAPL 5 min which is the minimum timeframe that needs to be negative to enter a trade.

AAPL 15 min negative at the highs and...

The 30 min chart negative, this is where AAPL is getting transitional and may turn in to a larger trend trade than just a scalp.

Tech in general is also turning on this 30 min XLK (Technology Sector) chart.

However, very short term (1 min intraday), you can see some support kick in this morning right as AAPL enters the congestion area of that small neckline.

I'd have some alerts set if you are in AAPL or interested, the first near term downside alert will be <$625, $624 and $614.75.