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APPLE Technicals Behavior - Pot Pourri : Critical Week Ahead ?
 December 6 ( From TradingView )
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December 6: Pot Pourri : Critical Week Ahead  ?

​​This week will be critical on many technical factors:

1) Price Seasonalities:
​​​The Month of December is also very special in terms of Seasonalities as the whole ​Market (SP500) is more trendy than usual:
​From a peak on December 6th, correction til December 15​ and ​resume a strong ​uptrend almost til month end.​ But in fact, what it is important for us to know is the Relative Underperformance of Apple Shares that historically start at near the beginning of the month as stipulated by my Old Weekly Research.

​What it is important for us to know now for Apple Shares: (according to the past 5 years as shown by the chart below)
​a) Relative Underperformance of Apple Shares that historically start on December 3 til December 19
b) Tiny ​​Relative Outperformance of Apple Shares that historically start on December 19 til December 31


RV closed on December 4 at ​​1.58, well below it s 200 DMA at 1.89. and pure Volatility​ closed at 23.40% last Friday, level below its 200 DMA at 30.1%.

What I am telling you is that Volatilty and Relative Volatility is starting to be on the cheap side considering the 3 factors above that can bring Volatility in Apple Shares til the middle of the month...

​The Weekly December 11 119 Straddle ( Long Call and Long Put ) closed last Friday at $2.44 and
​The  April 15 120 Straddle ( Long Call and Long Put ) closed last Friday at $13.95 and

I will follow those straddle this week...​​

​​​​​​​​​​​​​​​​​​​​​
​So this week will be a day by day approach as I think we could have an explosive type of Market IF we break that Mega Wedge.

For December 7, Wedge Levels are:
Resistance at $121.18 
​Support at $115.43



​​In my case, I will turn NEUTRAL on Monday, awaiting the next signal on AAPL Shares as I fear a Saloon s Door experiment...

​​
​Stay tuned as I will update you in the Daily as usual for specific trading levels on Apple Shares...
APPLE Technicals - Dailly Levels - AAPL
Candles
Volume ( Top Panel - Blue Line )
​Price Volume Trend ( Bottom Panel - Blue Line )
Daily Chart - Seasonalities - Relative Daily Performance Index in % of Apple Shares vs SP500 Index
​- Average of the past 5 years - December 1st pegged at 100 ​


​​
( See chart below )

2) Volatility Seasonalities:
​The Month of December is also very special in terms of Seasonalities for Volatility​ on Apple Shares:  ​​For Apple, a rise from December 2 til December 16th , fall til the 24th to spike up til Month end as shown by the chart below. So very choppy...
Daily Chart - Seasonalities - Daily Performance Index in % of Apple Shares Volatility VIX from CBOE
​ - Average of the past 5 years - December 1st pegged at 100 ​

( See chart below )​

3) Mega Wedge on Apple Shares:
Last Friday​, rarely have been looking at my screens and I had no clue about that strong rebound; and very strong it was with higher trading volume... ​ I was like a deer staring into headlights!

I finally found back my old friend: the Mega Wedge​​ on Apple Shares that started back since July 21.
​(See chart below - Grey Thick Trendlines)

We were testing the Major Support Trendline of that wedge,​ as shown by the chart below.
Financialiceberg.Com