TRADING APPLE
INTRADAY TRADING COMMENTS
APPLE Intraday Comments - Update on Near The Dead Cat Bounce ? $AAPL #aapl
Jan 24 ( From TradingView )
Starting February 10, this will be available only through a Subscription iPackage Trading Apple -
SAMPLE FROM JANUARY 24
Jan 24 ( From TradingView )
Starting February 10, this will be available only through a Subscription iPackage Trading Apple -
SAMPLE FROM JANUARY 24
If you would like to receive our free daily markets updates, please Sign-up
15.46 My PTS triggered at $547.20 Done trading - exhausted
Total Trading Daily Profit $9.50/sh - a great day indeed.
15.43 My PTS( Profit Trailing Stop ) now at $547.20 - See chart Below
15.42 My PTS now at $546.90
15.40 My PTS now at $546.40
15.26 Near The Dead Cat Bounce ?
I think we will have a snap back into the closing session- Ultra risky trade
So $545.30 support ( ZONE ) and dead cat bounce towards $548.40
15.06 Update no 2 on Mind the GAP ?
Almost reached the ultimate demolition derby level of $545.30
I think we will have a snap back into the closing session- Ultra risky trade
So $545.30 support and dead cat bounce towards $548.40 first max $549.40
14.05 Update on Mind the GAP ?
Well it seems that we re in the process of the 30% scenario;
$550.50 broken, we retest $548.40 and break it and gap down to $545.30
13.10 Mind the GAP ?
A 30% probability scenario for Friday afternoon:
All the iCahn Bullets already invested. SP500 way down, some portfolio
adjustments... please mind the GAP that can open this pm...
$550.50 broken, we retest $548.40 and break it and gap down to $545.30
12.12 My PTS triggered at $551.80
12.08 My PTS now at $551.80
12.01 Update on The iCahn Wrong Timing ?
From the abyss at the $548.70 zone... Now if $551.70 broken
then $552.70 max $553.90
My PTS now at $551.10
11.59 My PTS now at $550.90
11.57 My PTS now at $550.50
11.54 My PTS now at $550.10
11.47 My PTS now at $549.50
11.36 My PTS ( Profit Trailing Stop ) now at $449.00
11.25 The iCahn Wrong Timing ?
Well, cheaper today Mr iCahn!
Reached almost my buy zone - $547.40 to $548.70 - $547.00 stop
Ultra risky trade
11.10 New Update on My Game Plan ?
I think the $550.50 zone will break - I say zone because so much volatility
risk of slippage towards $548.70 but I ll not taking this trade
Prefer to buy on weakness...
10.54 My PTS triggered at $551.70
10.50 My PTS now at $551.70
10.39 Update on My Game Plan ?
I think the $551.70 zone will hold - I say zone because so much volatility
So we hold $550.50 and grind back painfully to $552.50 max $553.90
very risky trade
10.26 My Game Plan ?
Here, very cautious...
Resistance at $554.10 if broken then $555.10 max $556.10
and support is at $551.70 if broken then $548.70
10.16 My PTS triggered at $553.00 - no position for now
10.14 My PTS now at $553.00
10.13 Update on Near ?
My PTS now at $552.50
10.11 My PTS now at $551.80
10.10 My PTS now at $551.40
10.08 My PTS now at $550.40
10.05 Near ?
So close to the $550.50 level here, try a long with $550 stop - very risky trade
traget $551.70 max $552.50
09.49 Already out ?
My PTS triggered at $551.70
I start to dislike the price action here...
Starting to trade below $550.50 will mean technical weakness to me...
09.48 My PTS now at $551.70
09.43 Update on: Let show us your strenght today
Tested almost both side : SP500 being chrushed..
Putting pressure on Apple shares
Apple shares holding quite well for now vs SP500
I think we grind back towards the $555.10 level - $550.50 stop
09.34 Let show us your strenght today ?
Testing already the $555.10 level
Apple shares holding quite well for now; still have those levels to watch
I think we will first try to break on the upside
Resistance at $555.10 if broken then $557.30
and support is at $551.70 if broken then $548.70
09.25 Pre-Opening
Resistance at $555.10 if broken then $557.30
and support is at $551.70 if broken then $548.70
Expect some extreme choppy action
See chart below...
Support $545.30 and $542.50 Resistance $548.40 and $552.70
Total Trading Daily Profit $9.50/sh - a great day indeed.
15.43 My PTS( Profit Trailing Stop ) now at $547.20 - See chart Below
15.42 My PTS now at $546.90
15.40 My PTS now at $546.40
15.26 Near The Dead Cat Bounce ?
I think we will have a snap back into the closing session- Ultra risky trade
So $545.30 support ( ZONE ) and dead cat bounce towards $548.40
15.06 Update no 2 on Mind the GAP ?
Almost reached the ultimate demolition derby level of $545.30
I think we will have a snap back into the closing session- Ultra risky trade
So $545.30 support and dead cat bounce towards $548.40 first max $549.40
14.05 Update on Mind the GAP ?
Well it seems that we re in the process of the 30% scenario;
$550.50 broken, we retest $548.40 and break it and gap down to $545.30
13.10 Mind the GAP ?
A 30% probability scenario for Friday afternoon:
All the iCahn Bullets already invested. SP500 way down, some portfolio
adjustments... please mind the GAP that can open this pm...
$550.50 broken, we retest $548.40 and break it and gap down to $545.30
12.12 My PTS triggered at $551.80
12.08 My PTS now at $551.80
12.01 Update on The iCahn Wrong Timing ?
From the abyss at the $548.70 zone... Now if $551.70 broken
then $552.70 max $553.90
My PTS now at $551.10
11.59 My PTS now at $550.90
11.57 My PTS now at $550.50
11.54 My PTS now at $550.10
11.47 My PTS now at $549.50
11.36 My PTS ( Profit Trailing Stop ) now at $449.00
11.25 The iCahn Wrong Timing ?
Well, cheaper today Mr iCahn!
Reached almost my buy zone - $547.40 to $548.70 - $547.00 stop
Ultra risky trade
11.10 New Update on My Game Plan ?
I think the $550.50 zone will break - I say zone because so much volatility
risk of slippage towards $548.70 but I ll not taking this trade
Prefer to buy on weakness...
10.54 My PTS triggered at $551.70
10.50 My PTS now at $551.70
10.39 Update on My Game Plan ?
I think the $551.70 zone will hold - I say zone because so much volatility
So we hold $550.50 and grind back painfully to $552.50 max $553.90
very risky trade
10.26 My Game Plan ?
Here, very cautious...
Resistance at $554.10 if broken then $555.10 max $556.10
and support is at $551.70 if broken then $548.70
10.16 My PTS triggered at $553.00 - no position for now
10.14 My PTS now at $553.00
10.13 Update on Near ?
My PTS now at $552.50
10.11 My PTS now at $551.80
10.10 My PTS now at $551.40
10.08 My PTS now at $550.40
10.05 Near ?
So close to the $550.50 level here, try a long with $550 stop - very risky trade
traget $551.70 max $552.50
09.49 Already out ?
My PTS triggered at $551.70
I start to dislike the price action here...
Starting to trade below $550.50 will mean technical weakness to me...
09.48 My PTS now at $551.70
09.43 Update on: Let show us your strenght today
Tested almost both side : SP500 being chrushed..
Putting pressure on Apple shares
Apple shares holding quite well for now vs SP500
I think we grind back towards the $555.10 level - $550.50 stop
09.34 Let show us your strenght today ?
Testing already the $555.10 level
Apple shares holding quite well for now; still have those levels to watch
I think we will first try to break on the upside
Resistance at $555.10 if broken then $557.30
and support is at $551.70 if broken then $548.70
09.25 Pre-Opening
Resistance at $555.10 if broken then $557.30
and support is at $551.70 if broken then $548.70
Expect some extreme choppy action
See chart below...
Support $545.30 and $542.50 Resistance $548.40 and $552.70
Jan 23
15.25 Obviously, he knows ( iCahn ) Something that I don t !
That was the reason of the weird price action today...
Resistance at $556.20 if broken then $557.30
and support is at $553.40 if broken then $551.40
15.05 Tiny Range ?
Resistance at $555.40 if broken then $556.20 and $557.30
and support is at $553.40 if broken then $551.40
14.50 My PTS triggered at $554.40
14.48 My PTS now at $554.40
14.45 Trying short again at $555.00
14.44 My PTS triggered at $554.60
14.34 My PTS now at $554.60
14.25 Over the Target ?
Well, here, we are at the 3rd extenson/resistance of $555.10 - $556.20 stop
expect a pullback towards $553.20 - $551.70 max
13.13 Update on Near the Target ?
Reached almost my second target of $550.30
Now range trade expected here $548.70-$550.30
12.58 Near the Target ?
The Dead cat bounce expected at $548.70 - almost there.
From here I turn neutral...
Resistance at $548.70 if broken then $550.30
and support is at $546.30 if broken then $544.80
11.50 Unintended Consequences - Risks Factors ?
One Unintended Consequences of the major pullback of the SP500 could be:
Risks Factors Counter Trend Behavior with Apple Shares
Possible to see an underperformance of Apple vs SP500 here...
No position for now
11.41 Update on Dead cat bounce expected ?
I was PTS at $546.70 - still think it may grind towards $548.70
11.35 My PTS triggered at $546.70
11.29 My PTS now at $546.70
11.21 My PTS now at $546.30
11.14 Another Dead cat bounce expected ?
If we re able to clear $547.10 then $547.80 and $548.70
For that we should not see $545.30 again Very risky trade
10.54 My PTS triggered at $545.50
10.50 My PTS now at $545.50
10.34 Dead cat bounce expected ?
$545.30 level reached expect a bounce towards $548.70
stop at $543.90 Very risky trade
10.34 My PTS triggered at $545.90
10.33 My PTS at $545.90 now
10.32 My PTS at $546.80 now
10.28 Update on Failed ?
Here still have $545.30 max in mind
For that we should not trade above $548.70
If $548.70 broken then $$550.30
10.13 My PTS triggered at $548.40 now
10.12 My PTS at $548.30 now
10.10 My PTS at $549.40 now
10.07 Failed ?
We broke the $549.90 level - mean to me will make new lows $545.30?
Should not trade above $549.90 for that scenario
10.01 Update on The Fatigue Experiment ?
Still have $553.20 max in mind before resuming downtrend... Already a range? Can t believe it... SO:
Resistance at $553.20 if broken then $556.10 and support is at $549.90 if broken then $548.10 and new lows
09.48 The Fatigue Experiment ?
Already losing momentum... Still have a max target of $553.20Not sure will get there now...
Starting to trade now below $549.90 will bring us back to $548.10
Resistance at $553.20 if broken then $556.10 and support is at $549.90 if broken then $548.10
09.44 My PTS triggered at $550.50
09.44 My PTS now at $550.50
09.43 My PTS now at $549.80
09.40 Update Where s iCahn Now ?
Still expect a painful dead cat bounce towards $553.20 if we stay above $549.00
Went a little bit lower than $549...
09.33 Where s iCahn Now ?
Weak opening price action and went almost to my target of $547.80 -
we made a low of $548.11 Now a painful dead cat bounce towards $553.20 if we stay above $549.00
If we break $549 then we will make new low $547.80 and $545.30
09.25 Pre-Opening
Resistance at $553.20 if broken then $556.10 and support is at $549.40 if broken then $547.80
Expect some choppy action
See chart below...
Support $553.20 and $551.70 Resistance $555.10 and $556.20
Jan 22
13.44 Update on The iCahn Channel - Timber ?
We broke earlier the steep uptrend channel with $544.40 support...
Now, a new downtrend channel - the iCahn Expressway have emerged
and support is at $551.40 if broken then $549.70
May have a dead cat bounce here if $553.10 broken then max $554.40
13.29 My PTS triggered at $552.70
13.26 My PTS now at $552.60
13.22 The iCahn Channel - Timber ?
Reached my first target of $552.10
My PTS now at $553.00
13.20 My PTS now at $553.00
13.18 My PTS now at $553.50
13.17 My PTS now at $554.00
13.12 My PTS now at $554.50
13.03 The iCahn Channel ?
A steep uptrend channel with $544.40 support - see chart below
The iCahn Fade will continue into the pm session
and support is at $554.40 if broken then $552.10 max $549.70
12.02 The iCahn Range ?
So next resistance level is $557.30 and after $560.20
and support is at $553.90 if broken then $549.70
11.51 My PTS triggered at $555.50
11.48 My PTS now at $555.40
11.36 My PTS now at $555.70
11.28 The iCahn Fade have Begun ?
Market seems to lose momentum after the break out earlier this am
So next resistance level is $556.90 and after $560.20
and support is at $555.50 if broken then $553.90
11.08 Update on The iCahn Experiment ?
Market will do a reversal here : should not trade over $556.90
Market seems to lose momentum after the break out earlier this am
So next resistance level is $556.90 and after $560.20
and support is at $555.50 if broken then $553.90
10.58 The iCahn Experiment ?
Market volatility picked up on ICahn ...
Market seems to lose momentum after the break out earlier this am
So next resistance level is $560.20
and support is at $555.50 if broken then $553.90
10.47 The New Range ?
The expected range for some times still will be between $553.90 to $561.30
Resistance at $556.10 if broken then $561.30
and support is at $553.90 if broken then $549.70
10.43 My PTS already at $555.40 and triggered...
10.42 Range Break Out ?
Resistance at $553.90 was broken then $556.10
Should not trade back below $553.90 for that scenario
10.25 Still The Range ?
The expected range for some times still will be between $549.70 to $553.90
Resistance at $553.90 if broken then $556.10
and support is at $549.70 if broken then $547.80
10.15 The Range ?
Market went over the $552.60 level the new expected range for some times will be between $549.70 to $553.30
10.01 The Bounce ?
So the market bounced to $551.00
$549.70 broken will open the door for a second wave to $547.80
Unless, we can spend some times between $549.70 to $552.60
09.52 New Update on The Resistance ?
First wave down to $547.80, I was Xpecting $547.20
We ll bounce to max $550.70 and resume downtrend again and retest $547.80 If broken then $545.30
09.39 Update on The Resistance ?
The way it trades, that zone will be the top zone today $551.40 to $553.90 Still think it s a fade
$551.40 broken and then $547.20...
09.37
Next resistance level is $553.90
09.35 The Resistance ?
Already the $551.40 zone seems to be a good resistance
We will fade towards $547.20 first and see whats there...
We should not trade above $552.00 for that scenario...
09.25 Pre-Opening
Resistance at $551.40 if broken then $553.90
and support is at $548.70 if broken then $545.30
See chart below...
Support $552.10 and $549.70 Resistance $557.30 and $560.20
Jan 21
15.15 Update on The Fade have Begun ?
$548.70 Broken
then $547.20 first and $545.30 after - low risk reward trade....
14.14 The Fade have Begun ?
Went over the $548.10 level; Now Max $551.40
Still think it is a Double Top at the $550.00 will slowly fade: We break $548.70
then $547.20 first and $545.30 after - low risk reward trade....
13.01 Update Double Top ?
Went over the $548.10 level; Now Max $551.40
Still think it is a Double Top at $548.00 will slowly fade towards $547.20 first-
and $545.30 after - low risk reward trade....
12.36 Double Top ?
Double Top at $548.00 will slowly fade towards $545.30 - low risk reward....
Should not trade above $548.80 for that
11.44 Feeling Reject ?
Failing to close above $543.50 on a daily basis will be seen for me as
technical weakness. It comes from a major trendline from Dec 5
( Amber line on the chart below )
11.10 Mind the Gap ?
A low probability event but: starting to trade below $542.90 can gap
quickly down towards $540.40
10.57 Another Update on Consolidation Phase ?
Here I Still think we will spend some times between $542.90 and $546.10
10.47 My PTS triggered at $544.70 - flat
10.45 Update on Consolidation Phase ?
My PTS now at $544.70
10.42 My PTS now at $544.20
10.39 My PTS now at $543.70
10.37 Another rebound here from the $543.28 - $544.50? stop at $542.90
10.32 Consolidation Phase ?
Here I think we will spend some times between $542.90 and $546.10
10.30 My PTS triggered at $544.70
10.30 My PTS is already at $544.70
10.26 Where the Support ?
First test of the $544.80 seems weak... Next support level is a lot stronger
at $542.90 - first reach tthere its a buy dead cat bounce... to $545.50?
10.15 Stopped and Miss ?
I ve been stopped and missed the downtrend! Jeezzzz... Should consolidate near the $544.80 level
10.14
Resistance now at $548.10 and support is at $548.10
10.12 My PTS triggered at $546.80 -flat
10.09 My PTS now at $546.80
10.07 Update on Second Wave ? I ll try it again $546.80 short stop at $548.10
10.05 Stopped at $557.60 I still have the same idea though...
10.00 Second Wave ?
I think it s a fade Wave 2 towards $545.50 max $544.50 stop at $547.50
09.56 PTS triggered at $547.10 - Will retry a short later...
09.55 PTS now at $547.10
09.52 3rd Resistance, 2nd Test ?
I think here will consolidate between $547.50 and $549.30 before resuming downtrend... $545.50 zone double test the support level?
09.46 PTS triggered at $545.20 - flat for now...
09.45 My PTS now at $545.00
09.44 My PTS already at $545.80
09.41 The Fade ?
Almost 3rd target reached ($547.50) - I think it s a fade towards $545.50 max $544.50
09.36 Second Target Reached ?
Turn cautious here $545.50 already reached
09.35 My PTS Triggered at $543.40
09.33 Opening Dead Cat Bounce ?
Opening Dead Cat Bounce from last Friday $542.90 broken then $545.50 in a choppy way...
My PTS already at $543.40 Should not be back below $541.80 for that...
09.25 Pre-Opening ?
Resistance at $542.90 if broken then $545.50 and support is at $540.10 if broken then $537.30
See chart below...
Support $547.20 and $545.50 Resistance $551.40 and $553.90
Jan 17
16.00 Totally Missed to Forecast the Bottom ?
My China Syndrome Scenario Sequence was expecting a low at $540.10...
We traded as low as $539.90. Will have to work on my systems again!
Think we will have a huge Dead Cat Bounce on Tuesday - $545.50 min ?
15.32 The CSSSC PTS Triggered ?
PTS STOP triggered at $540.90
Done for the week for trading...
15.13 The China Syndrome Scenario Sequence Completed ?
I think we saw the low...
Dead Cat Bounce towards $543.50 - $541.00 stop ultra risky trade
15.12 PTS triggered at $542.00
15.10 PTS now at $542.00
15.54 The China Syndrome Scenario ?
For me , a small probability but still: starting to trade below $542.90 can
bring a collapse to $540.10
14.43 PTS triggered at $543.80 now - so flat here...
14.40 PTS at $543.80 now
14.37 Update My New PTS ?
PTS now at $544.40
14.27 Update My New PTS ?
PTS Triggered at $544.40... Try a very risky short with $545.50 stop now...
14.15 My New PTS ?
$544.50 now
14.00 PTS at $544.30 now
13.56 A dead Cat Bounce ?
A risky A dead Cat Bounce towards $545.50 max before resuming downtrend...
13.52 Meet me at the Ultimate Level ?
$543.90 - Touchdown!
Careful here - can skid towards $542.50
13.47 Wave 2 on The Bleeding Scenario ?
We don t trade over $546.60 and a second bleeding wave to reach
the Ultimate level of $543.90 level coming at a theatre near you...
13.38 PTS Triggered at $545.30
13.35 PTS now at $545.30
13.30 The Bleeding Scenario ?
So we finallyt broke the $547.50 level and $546.10 level
PTS at $546.00 now
Move should fade near $543.90 level...
10.40 The Alternative Scenario ?
Well no catapult, then alternative scenario
I think we will ping pong for a while and going into the afternoon, we will
experience the slow bleed...
So for me, try to sell near $550 zone with tight stops ($550.50?)and cover after
If we break below $547.50 then $546.10 max $543.90
10.11 The Catapult ?
The way it trade, a risk that it get out violently within
the next 30 min of a break
above $550.40 then $551.70 max $553.90
or below $547.50 then $546.10 max $543.90
Playing the range for now ...
If it don t happen, then my alternative scenario is a slow bleed
into the pm session
09.58 The Chopper ?
The way it trade, I think we will be chopped both ways.
I dislike the volatility - no continuity here...
Here I am flat and spectator...
Waiting of a break above $550.00 or below $547.50 to trigger...
09.52 Update on A Dead Dead Cat Bounce ?
Risk of slippage here to make new lows $546.10 in mind first
For that we should trade above $550.00 unless $552.10 retest
09.44 A Dead Dead Cat Bounce ?
The bounce is shy and be careful of gaps down here...
09.43 PTS triggered at $549.60
09.41 My PTS now at $549.70
09.37 Dead Cat Bounce ?
A Dead Cat Bounce towards $549.30 If broken then max $552.10
before resuming downtrend...
09.33 The Bleed ?
Uptick at the opening :
Resistance at $553.90 if broken then $556.20
and support is at $549.30 if broken then $546.10
See chart below...
Support $540.10 and $537.30 Resistance $545.50 and $547.50
Jan 16
11.42 Still Into the Channel ?
We are still within a wide downtrend channel that started yesterday with
$550.90 support and $557.50 resistance - see chart below...
Not much to expect here, a small fade towards $553.90 max...
10.46 Fatigue on the The Hope Trade ?
Traded as high as $555.76, short of the $556.70
Back within the Range $551.70 to $554.70
10.21 Update on the The Hope Trade ?
Near the Hope trade here...
Breaking $554.70 can bring us to $556.70 - risky trade
10.09 The Hope Trade ?
Breaking $554.70 can bring us to $556.70 - risky trade
Still think we ll stick to the range
10.00 PTS triggered at $553.90 - Turn neutral
I think trade range $551.70 to $554.70
09.58 PTS at $554.00 now
09.56 PTS at $553.50 now
09.54 My PTS now at $552.90
09.50 Sequence completed ?
$551.70 becomes the support and we should painfully grind back up
to $554.20
If $551.70 brken then $549.90
09.43 Update on the Second wave the real one ?
$554.20 broken we gapped down to $553.00
Now in a slow bleed, going to $551.70
Should not trade over $554.20 for that scenario...
09.40 PTS triggered at $554.80
09.38 PTS at $554.80
09.37 Second wave the real one ?
Resistance at $556.70 if broken then $559.20
and support is at $554.20 if broken then $551.70
I think we will fade and test the $554.20
09.36 PTS Triggered at $556.30
09.35 My PTS now at $556.30
09.33 The Day After ?
Uptick at the opening :
Resistance at $556.70 if broken then $559.20
and support is at $554.20 if broken then $551.70
I think we will fade and test the $554.20
See chart below...
Support $553.90 and $551.70 Resistance $556.70 and $559.20
Jan 15
15.27 PTS triggered at $557.60
Done for the day...
15.24 PTS now at $557.60
Still $556.50 first, if broken max $553.90
15.05 Almost Stopped on the Tiny Bleed Wave ?
Was almost Stopped because we did trade at $559.25 and fell back instantly
Still in the trade
14.22 Another Tiny Bleed Wave ?
From $558.10 expect Another Tiny The Bleed Wave
$556.50 first, if broken max $553.90
For that scenario, we should not start to trade over $559.20
13.54 PTS triggered at $557.50
13.50 The Bleed have Begun ?
Think we will have a slow bleed til the close of the session...
$556.50 first, if broken max $553.90
My PTS now at $557.50
13.30 The Bleed ?
Think we will have a slow bleed til the close of the session...
$556.50 first, if broken max $553.90
11.35 Update on Stuck in the Mud Range ?
More mud than expected; volatility almost died instantly since 11.09...
Still think we will consolidate for sometimes between $556.70 and $559.20
11.09 Stuck in the Mud Range ?
I think we will consolidate for sometimes between $556.70 and $559.20
10.40 Update on Correction in Progress ?
Was expecting a dead cat bounce towards $558.60 nd did trade as
high as $559.00...
Still think it will become a slow bleed to retest the $556.50...
A retest of $556.50 is expected soon... If broken max $554.20
10.24 Correction in Progress ?
Reached the $556.50 here should see a rebound -
dead cat bounce max $558.60
A retest of $556.50 is expected soon... If broken max $554.20
10.11 Second Resistance Phase ?
My Second Resistance level was $561.30 but think we reached a plateau
already at$560.00 and it s gonna fade towards $557.90 first
If $560.50 trade, then $564.30
If $557.90 broken then $556.50 max max $554.20
09.51 Update on First CHL Resistance ?
Still have First CHL Resistance at $557.90 if broken then $561.30
and support is at $554.20 if broken then $551.70
09.39 First CHL Resistance ?
First CHL Resistance at $557.90 if broken then $561.30
and support is at $554.20 if broken then $551.70
See chart below...
Support $556.50 and $554.20 Resistance $559.20 and $564.70
Jan 14
15.10 Last Call on The Ultimate Level ?
The The Ultimate Level is for me the $546.90: we did trade $546.73
Still: Profit taking will take place $544.10 broken then $542.50
were we should find strong support...
14.07 Update on The Ultimate Level ?
The The Ultimate Level is for me the $546.90: we did trade $546.73
Still: Profit taking will take place $544.10 broken then $542.50
were we should find strong support...
13.03 The Ultimate Level ?
The The Ultimate Level was for me the $546.90: we did trade $546.73
Profit taking will take place $544.10 broken then $542.50
were we should find strong support...
11.21 The Broken Wall ?
Finally it did break that resistance wall at $542.50
The next big one is $545.50 then $546.90 - should be fade I think
towards $542.50 without strong conviction though...
10.33 The Wall ?
$542.50 here becoming the Resistance Wall - loosing momentum
Need to break it soon unless it will fade abruptly...
Trading back towards $541.00 will mean to me technical weakness..
If broken gap down to $538.00...
Unless a painfull grind towards $544.10 but doubt it
10.17 Update on No Momentum Break Out ?
Trading back towards $541.00 will mean to me technical weakness..
If broken gap down to $538.00...
Unless a painfull grind towards $544.10 but doubt it
10.16 PTS at $541.90 now and triggered...
10.14 No Momentum Break Out ?
$542.50 in mind max $544.10 with $541.70 stop
09.59 Update on The Range ?
Well choppy action this am
Still Need a break of one of those levels to trigger...
rade range here $538.00 to $541.00 and see there
If $541.00 trigger then $542.50
If $538.00 trigger then $536.40
09.41 The Range ?
Well already tested both side of the Range.
Still Need a break of one of those levels to trigger...
Trade range here $538.40 to $541.00 and see there
If $541.00 trigger then $542.50
If $538.40 trigger then $536.40
09.34 Strong Opening ?
Usually a strong opening like that, trade $541.00 as high...
Need a break of one of those levels to trigger...
Trade range here $538.40 to $541.00 and see there
See chart below...
Support $544.10 and $542.50 Resistance $546.90 and $547.90
Jan13
15.52 Out at $533.50
15.52 PTS at $532.70 now
15.51 PTS at $532.30 now
15.48 PTS at $531.70 now
15.44 Dead Cat Bounce No 4 ?
From the abyss at $531.20 towards $533.50 max stop $530.00
15.37 PTS at $531.70 triggered
15.31 PTS at $531.70 now
15.27 Dead Cat Bounce No 3 ?
From $531.70 towards $533.50 max here... Stop $531.00
15.17 Ugly Daily Candle ?
Could have been a bullish engulfing pattern...
But seems more to me now that we will have an inverted hammer...
Another pattern for rejecting higher prices... See second chart below
15.14 PTS at $532.00 triggered at $532.00
15.11 PTS at $532.00
15.08 $531.70 trade - very cheap for me...
15.06 Dead Cat Bounce No 2 ?
Dead cat bounce No 2 towards $535.50 max $536.50 here with $532.50 stop
- very risky trade ...
15.01 PTS at $535.70 triggered
14.57 PTS at $535.70
14.50 New Update on the Slippage Risks ?
$535.30 reached - traded as low as $534.89 - dead cat bounce towards
$536.50 max $537.50 here with $533.90 stop - very risky trade ...
14.26 Update on the Slippage Risks ?
Did trade as low as $536.76 at time of writing - for me the slippage risks
scenario is completed.
Does not mean we cannnot trade lower though but the gap have been filled...
Feel a dead cat bounce towards max $538.50 before resumeing downtrend,
a retest of $538.76 then $535.30...
14.11 Slippage Risks
If we break the $538.40 support level , the go directly to jail, do not pass go
and do not claim the $200! directly to $536.40 level I think...
13.14 Thanks fo your Support ?
Testing the $538.40 support level as writing, if broken for me false break out this am...
And IF broken, directly to $536.40 level
12.40 PTS at $540.60 Triggered - Flat Position Now...
12.30 PTS at $540.60 now
12.25 Update on the Fourth Resistance Line ?
Still $542.60 is the Ultimate resistance here - PTS at $541.40
Then $540.40 should be tested to see if we keep into the stratosphere or not...If $540.40 broken then $538.40...
11.39 Fourth Resistance Line ?
$542.60 is the Ultimate resistance here
I thought a range trade earlier but keep grinding to the fouth resistance level.
Then $540.40 should be tested to see if we keep into the stratosphere or not...
10.41 Range Trade from Here ?
So we made the top of the day I think at $540.20. Starting to trade below $537.90 will be a direct go to $536.30
So Range trade from $536.30 to $540.20 Would be surprise if we go out of that for the next hour, kind of...
10.36 PTS Triggered at $539.00
10.35 A Brand New PTS ?
My PTS now at $538.90
10.25 New PTS ?
My PTS ( Profit Trailing Stop ) now at $539.50
10.16 Update on the 3rd resistance trendline ?
So $540.40 as the wall resistance to trade back towards $536.30 still
Starting to trade above $540.40 will bring $542.60
10.01 Already on the 3rd resistance trendline ?
$539.40 tendline resistance. Back towards $536.30 here. Should not trade over $540.40 for that scenario...
09.40 Strong Opening = Weak Trading ?
Usually a strong opening like that, trade $536.39 is a fade...towards $533.90 and see there
See chart below...
Support $531.50 and $529.90 Resistance $533.50 and $536.50
JAN10
15.27 Out of the Dead Cat Bounce ?
Out at $532.70. That s it for this week. Have a nice week end...
15.12 Finally the Dead Cat Bounce ?
My PTS now at $532.80
13.15 No Cat No Bounce No Lunch ?
Well , was expecting a Dead Cat Bounce for Lunch... still waiting! LOL!
Now have $530.50 stop to target $533.60...
11.43 Dead Cat Bounce for Lunch ?
Even if near the abyss, $530.70 stop try a risky bet;
dead cat bounce at $533.60
11.07 PTS at $533.40 now 11.09 Triggered at$533.50
11.06 PTS at $533.70 now
11.02 Apple Fatigue
Second target of $535.20 almost reached ( traded $534.81 )
Fatigue of a dead cat bounce... Can fade towards $533.60 again-$535.40 stop
and if broken risk of new lows...
10.43 Mind the Gap - Part 2 ?
We had two broken levels this morning.
For now $531.00 remains a major support; if ever broken ( I don t think so but... )
it will bring a real nasty gap down to the abyss - $528.20 kind of quick
The risky trade here is buying at $532.70 with a $531.00 stop.
Risk rewards not there...
Breaking $533.60 should give us $535.20
10.25 Agressively Neutral ?
My PTS now at $533.10 was triggered; so Agressively Neutral for now...
First target of $533.60 reached, not sure if enough momentum
to reach $535.20
10.19 My PTS now at $533.10
10.11 The Perfect Storm ?
Another gap down to almost the next support level $531.00
Enough! $531.00 support dead cat bounce to $533.60 max $535.20
10.02 Storm Over ?
My second target almost reached ($533.60), I think finally we will have a
more balanced market...
$533.60 support, a dead cat bounce towards $537.20 - risky trade
If $533.50 broken, then $531.00
09.48 Mind the Gap ?
My PTS at $536.50 triggered; I m flat now
Can see a dead cat bounce to $538.30 here, risky trade...
If $535.20 broken, another wave slippage towards $533.60
09.45
My PTS at $536.50 now...
09.43 My Broken Dream ?
$538.50 broken, risk of slippage towards $535.30
My PTS already at $537.40
09.34 Strong Opening = Weak Trading ?
Usually a strong opening like that, almost trade $541.30 is a fade...
towards $538.50 and see there
If broken, $535.50 is the risk...
See chart below...
Support $531.00 and $528.20 Resistance $533.60 and $535.20
JAN9
16.05 Daily Bearish Engulfing Pattern Confirmed ?
We did closed at $536.52, so we re having a Daily Bearish Engulfing Pattern...
$535.50 next support... And $538.80 remain the next big resistance...
See second chart below - ellipse.
15.44 My Daily Bearish Engulfing Pattern ?
A daily close below $538.69 will bring us a daily bearish engulfing pattern...
See second chart below - ellipse.
14.49 Update on : $537.20 to Watch ?
Still: Starting to trade above $537.20 can bring a reverse ( squeeze )
to $538.80 max $541.30
14.14 $537.20 to Watch ?
Starting to trade above $537.20 can bring a violent reverse ( squeeze )
to $538.80 max $541.30
14.01 The Abyss ?
I wrote earlier: Having a daily close and or spending too much time below
$538.80 can be very bearish for the Rotten Apple Shares - $534.50 first
and $533.50 next in the cards...
A daily close below $538.69 will bring us a daily bearish engulfing pattern...
11.33 Near the Abyss ?
Having a daily close and or spending too much time below $538.80 can be
very bearish for the Rotten Apple Shares - $533.50 in the cards...
A support trendline that started on Jan 6 at $539.20 level now...
Still have $541.30 in mind though...
11.12 On a Trendline Support - Finally ?
A support trendline that started on Jan 6 at $539.60 level...
And major support at $538.80
Bleeding should stop here... Next resistance level is $541.30 here
10.48 Dead Cat Bounce ?
Dead Cat Bounce to max $543.50 here from the abyss of $541.20
Should not trade below $541.20 for that...
10.33 Rotten Apple ?
Still have $544.70 as resistance; already traded $542.33 max bleeding
towards $541.30...
$543.50 act as a short term magnet. Not sure about the next 2$, too choppy
So stick to tech levels $541.30 support and $544.70 resistance...
10.09 New Game Plan ?
Now $544.70 becomes resistance; already traded $543.50 max bleeding
towards $541.30...
Asking myself if we are not on saloon s door here...
I dislike the price action still...
09.58 Painfull Grind ?
Well. price action do not impress me. No momentum - I dislike...
Need a continuous grind NOW
Still Think we will grind and test it again and break it $546.80
09.44 Update on Feel Rejected
Testing the support at $544.70 - must hold unless slippage towards
$543.50 max $541.30
Think we will grind and test it again and break it $546.80- ...
09.33 Feel Rejected
Already tested the $546.80 at the open...
Think we will test it again and break it...
Next target $548.90
Must not trade below $544.70 for that...
See chart below...
Support $535.30 and $533.50 Resistance $538.80 and $541.30
JAN7
14.10 Near the Abyss ?
Breaking $538.80 will be quite bearish for Apple Shares on an intraday and
daily basis...
Next target $537.80 and $533.60
12.23 A Nasty Channel ?
A brand new downwards channel with $539.50 support and $544.70
resistance for now... See chart below
Another day with Apple shares disapoint..It always gap up on news
( CHL, Earnings ) and bled the remaining time...
No strong view here though unless $542.20 broken, another grind
towards $544.50?...
11.23 Update on My Broken Trend ?
$543.60 broken ; going towards in a slow bleed way towards the $541 zone...
Starting to trade and spend time below $540.80 will be seen a s extreme
technical weakness
10.52 PTS already triggered at $543.10
10.49 My Broken Trend ?
$543.60 broken ; going towards the $541 zone... PTS now $543.10 for me...
10.29 Timber ?
Reached almost the second target of $546.
Now if $543.60 broken, will mean to me technical weakness and back
towards $541 zone......
10.11 PTS Triggered ?
Triggered at $544.50 on my PTS...
I become aggressively neutral here...
10.10 Greedy Phase ?
Now my PTS is $544.50 and we are entering the greedy phase
towards $546 zone ( but not sure )...
10.08 A New PTS
My New Profit Trailing Stop at $543.60 now
10.00 Break Out
$542.20 break out
$542.20 will be the confirmation towards $543.60 ( already reached )
took some profit there
next target $544.50 then max $546.00
WE SHOULD NOT trade $542.20 soon... Unless $538.80
09.50 Bottom Near ?
Went close to the $538.80 level - close enough for me.
Spending time around the $541 zone is a good sign for consolidation,
establishing a good base...
Time to be back up - $542.20 will be the confirmation towards
$543.60 first max $546.00
$538.80 remain a major support...
09.37
Already below $541.50... Must hold here unless next level is $538.80
Still think we will grind up...
09.35 Good Is Really Not Enough ?
SP500 up, Apple shares down again...
First real support is $538.80.
Slow grind to max $543.40 and $546.80 max
We should not trade below $541.50 for that scenario
See chart below...
Support $540.80 and $538.80 Resistance $543.60 and $546.80
JAN6
14.35 Euphoria Phase 2 ?
Well, This morning, all sellers, this pm all buyers:
Is that only market driven ? Apple Counter Trend vs the Market ?
In part I d say yes... Tomorrow is another day and not sure Apple
shares will trade up...
STILL have $543.40 support and $545.80 resistance...
13.32 Capitulation Followed by Euphoria ?
Well first, I was wrong thinking we did not go over the $543.40 level...
Second, Capitulation at the opening is being replaced by euphoria now...
So now, we have $543.40 support and $545.80 resistance...
Not a strong view but still think of a fade til the closing, kind od $541.30...
12.42 My Dear Resistance Trendline ?
Well, coming from the Abyss, Apple shares are testing a crucial trendine
at the $543.40 level. See chart below - amber trendline...
Trading above that level on a closing bar ( hourly 13.30 NY Times ) will tell
me that the Bear squeeze will continue til the end of the session...$546.00?
But honestly, I think it s the Wall of resistance for today and fade in a
slow manner towards $541.30 max $538.80 and die there at the close...
11.15 Thanks for Your Support ?
We did $542.20 on the top side, was expecting #542.20 as resistance
So a break of the $538.80 level was kind of historic. ( NOW SUPPORT )..
Now, we must not trade again below that level for a strong technical
behavior...
A break of $538.80 will bring us back towards $536.60 - the magnet...
Neutral here for me.
10.47 Break Out ?
Finally we did have a break out at the $438.80 level...
So here max $542.40 on that break and consolidation after...
10.11 The $536.50 Magnet Experiment ?
Well waiting to see but seems that a false break down at $536.50 will be
a 3rd test of the $538 zone? Probably...
But I prefer to wait if break out at $538.80 for now; neutral stance...
10.02 Second Attempt Failed ?
We did trade $538.30 and reverse...
$536.50 will make the difference... If broken, then slippage risk to $533.50,
If not a retest of $538.80 and broken, then $542.40 max...
EXPECT CHOPPY MARKET
09.59
I ve been PTS at $537.20
09.58
PTS now at $537.20
09.52 Second Attempt and 3$ to Go ?
Here, if break of $536.50, I think we ll test finally the $538.80
Failing to break at the $536.50 will be seen as technical weakness...
$536.50 is now my PTS...
09.45
Already out at $535.30...
09.44 PTS ?
I put my profit trailing stop at $535.30 for now..
09.37 First Test Rejected ?
First real resistance is $538.80 and have been rejected...
Slow bleed to max $533.50 ( we did already $533.60 - sequence completed )
Dead cat bounce expected to $538.80 - very risky here...
We should not trade below $533.50 for that
See chart below...
Support $543.40 and $541.30 Resistance $545.80 and $548.10
JAN3
14.02 First Real Dead Cat Bounce of the Day ?
Dead Cat Bounce Target Reached at $544.80; for the greedy, profit trailing
stop at $543.90 trying to target $545.60, max $546.20...
12.34 The China Syndrome ?
From the movie: The China Syndrome
Imploding prices; even the strong $544.80 did not hold...
Next big one is $542.30...
Apple shares quite cheap at those levels
Dead Cat bounce to $544.80? $542.30 support; very risky trade
At time of writing, trade action was $542.80
11.01 Storm Over ?
It was Time Indeed...
Painfull grind to $548.60 with $544.50 support still valid...
10.33 Where s the Support Level ?
All support levels have been broken and now we stand at the 50% Fibo Level
of $546.20
Only one dead cat bounce to test the $548.60 level and rejected immediately...
$544.50 is next support level...
Stubborn I am... Another dead cat bounce to $548.60 with $544.50 support...
10.06 The Grinder ?
First dead cat bounce reached at $548.60
Tiny pullback / consolidation and resume grinding towards $551.00
in a choppy way.
09.53 Thanks for Your Support ?
Well $548.60 was broken like nothing was there.
$547.50 is a stronger support level...
Dead Cat Bounce towards $548.60 max $551.00
09.40 Bleeding Apple ?
I think we saw the bottom at $548.60
Dead Cat Bounce towards $551.00 max $552.00
We should not trade at $548.60 again for that scenario...
See chart below...
Support $542.30 and $538.80 Resistance $545.60 and $548.60
JAN2
15.23 Painfully Grinding Towards $554.50
Finally first target reached at $553.50; can extend to $554.50
max $556.80 til the close...
14.45 Get Me Back Into My Tiny iChannel ?
Extremely poor price action...
As I wrote earlier: Breaking $553.20 risk max $551.20 ( we trade $552.02 )
Need to get back quickly above $552.70 to Save My Hourly iChannel
We have a new downtrend channel with $551.70 as support and
$553.50 as resistance...
Stubborn I am; still think of a painfull grind towards $553.50, then $554.50
12.48 Update on My New Tiny iChannel ?
Still $553.20 support and $554.50 resistance on the Tiny iChannel...
Still think a slow and painfull grind towards $554.50 first max $556.80
We should not trade below $552.40 for that scenario...
11.51 My New Tiny iChannel ?
A new iChannel within the bigger one with $553.20 support and
$554.50 resistance...
Still think a slow and painfull grind towards $554.50 first max $556.80
We should not trade below $552.40 for that scenario...
11.11 Update on Support of my iChannel ?
Same old, same old...
Still think we ll grind painfully towards $556.80 in a choppy manner...
10.20 Update on Support of my iChannel ?
Price action is just awful.
Not sure here but think we made an excess testing the support
( traded as low as $552.64 )
Still think we ll grind painfully towards $556.80 in a choppy manner...
09.57 Test of Support of my iChannel ?
Traded exactly $553.20 and started to bounce back painfully.
I guess $556.80 but will be a choppy ride...
I dislike the way Apple shares trade this morning...
For my plan, we should not trade $553.20 again unless slippage to $551.20
09.40 Classic Strong Opening and Fade ?
A classic uptrade at the opening, but should bleed towards $553.20.
Starting to trade below $553.20 will be seen very bad technically speaking...
Risk of slippage towards $551.40
Already met a huge resistance trendline that started on Dec 5 at $556.80. ( amber line )
Starting to trade above $556.80 again will mean to me that we re gonna reach
$559.20...
Until then, range trade $553.20 to $556.80
15.25 Obviously, he knows ( iCahn ) Something that I don t !
That was the reason of the weird price action today...
Resistance at $556.20 if broken then $557.30
and support is at $553.40 if broken then $551.40
15.05 Tiny Range ?
Resistance at $555.40 if broken then $556.20 and $557.30
and support is at $553.40 if broken then $551.40
14.50 My PTS triggered at $554.40
14.48 My PTS now at $554.40
14.45 Trying short again at $555.00
14.44 My PTS triggered at $554.60
14.34 My PTS now at $554.60
14.25 Over the Target ?
Well, here, we are at the 3rd extenson/resistance of $555.10 - $556.20 stop
expect a pullback towards $553.20 - $551.70 max
13.13 Update on Near the Target ?
Reached almost my second target of $550.30
Now range trade expected here $548.70-$550.30
12.58 Near the Target ?
The Dead cat bounce expected at $548.70 - almost there.
From here I turn neutral...
Resistance at $548.70 if broken then $550.30
and support is at $546.30 if broken then $544.80
11.50 Unintended Consequences - Risks Factors ?
One Unintended Consequences of the major pullback of the SP500 could be:
Risks Factors Counter Trend Behavior with Apple Shares
Possible to see an underperformance of Apple vs SP500 here...
No position for now
11.41 Update on Dead cat bounce expected ?
I was PTS at $546.70 - still think it may grind towards $548.70
11.35 My PTS triggered at $546.70
11.29 My PTS now at $546.70
11.21 My PTS now at $546.30
11.14 Another Dead cat bounce expected ?
If we re able to clear $547.10 then $547.80 and $548.70
For that we should not see $545.30 again Very risky trade
10.54 My PTS triggered at $545.50
10.50 My PTS now at $545.50
10.34 Dead cat bounce expected ?
$545.30 level reached expect a bounce towards $548.70
stop at $543.90 Very risky trade
10.34 My PTS triggered at $545.90
10.33 My PTS at $545.90 now
10.32 My PTS at $546.80 now
10.28 Update on Failed ?
Here still have $545.30 max in mind
For that we should not trade above $548.70
If $548.70 broken then $$550.30
10.13 My PTS triggered at $548.40 now
10.12 My PTS at $548.30 now
10.10 My PTS at $549.40 now
10.07 Failed ?
We broke the $549.90 level - mean to me will make new lows $545.30?
Should not trade above $549.90 for that scenario
10.01 Update on The Fatigue Experiment ?
Still have $553.20 max in mind before resuming downtrend... Already a range? Can t believe it... SO:
Resistance at $553.20 if broken then $556.10 and support is at $549.90 if broken then $548.10 and new lows
09.48 The Fatigue Experiment ?
Already losing momentum... Still have a max target of $553.20Not sure will get there now...
Starting to trade now below $549.90 will bring us back to $548.10
Resistance at $553.20 if broken then $556.10 and support is at $549.90 if broken then $548.10
09.44 My PTS triggered at $550.50
09.44 My PTS now at $550.50
09.43 My PTS now at $549.80
09.40 Update Where s iCahn Now ?
Still expect a painful dead cat bounce towards $553.20 if we stay above $549.00
Went a little bit lower than $549...
09.33 Where s iCahn Now ?
Weak opening price action and went almost to my target of $547.80 -
we made a low of $548.11 Now a painful dead cat bounce towards $553.20 if we stay above $549.00
If we break $549 then we will make new low $547.80 and $545.30
09.25 Pre-Opening
Resistance at $553.20 if broken then $556.10 and support is at $549.40 if broken then $547.80
Expect some choppy action
See chart below...
Support $553.20 and $551.70 Resistance $555.10 and $556.20
Jan 22
13.44 Update on The iCahn Channel - Timber ?
We broke earlier the steep uptrend channel with $544.40 support...
Now, a new downtrend channel - the iCahn Expressway have emerged
and support is at $551.40 if broken then $549.70
May have a dead cat bounce here if $553.10 broken then max $554.40
13.29 My PTS triggered at $552.70
13.26 My PTS now at $552.60
13.22 The iCahn Channel - Timber ?
Reached my first target of $552.10
My PTS now at $553.00
13.20 My PTS now at $553.00
13.18 My PTS now at $553.50
13.17 My PTS now at $554.00
13.12 My PTS now at $554.50
13.03 The iCahn Channel ?
A steep uptrend channel with $544.40 support - see chart below
The iCahn Fade will continue into the pm session
and support is at $554.40 if broken then $552.10 max $549.70
12.02 The iCahn Range ?
So next resistance level is $557.30 and after $560.20
and support is at $553.90 if broken then $549.70
11.51 My PTS triggered at $555.50
11.48 My PTS now at $555.40
11.36 My PTS now at $555.70
11.28 The iCahn Fade have Begun ?
Market seems to lose momentum after the break out earlier this am
So next resistance level is $556.90 and after $560.20
and support is at $555.50 if broken then $553.90
11.08 Update on The iCahn Experiment ?
Market will do a reversal here : should not trade over $556.90
Market seems to lose momentum after the break out earlier this am
So next resistance level is $556.90 and after $560.20
and support is at $555.50 if broken then $553.90
10.58 The iCahn Experiment ?
Market volatility picked up on ICahn ...
Market seems to lose momentum after the break out earlier this am
So next resistance level is $560.20
and support is at $555.50 if broken then $553.90
10.47 The New Range ?
The expected range for some times still will be between $553.90 to $561.30
Resistance at $556.10 if broken then $561.30
and support is at $553.90 if broken then $549.70
10.43 My PTS already at $555.40 and triggered...
10.42 Range Break Out ?
Resistance at $553.90 was broken then $556.10
Should not trade back below $553.90 for that scenario
10.25 Still The Range ?
The expected range for some times still will be between $549.70 to $553.90
Resistance at $553.90 if broken then $556.10
and support is at $549.70 if broken then $547.80
10.15 The Range ?
Market went over the $552.60 level the new expected range for some times will be between $549.70 to $553.30
10.01 The Bounce ?
So the market bounced to $551.00
$549.70 broken will open the door for a second wave to $547.80
Unless, we can spend some times between $549.70 to $552.60
09.52 New Update on The Resistance ?
First wave down to $547.80, I was Xpecting $547.20
We ll bounce to max $550.70 and resume downtrend again and retest $547.80 If broken then $545.30
09.39 Update on The Resistance ?
The way it trades, that zone will be the top zone today $551.40 to $553.90 Still think it s a fade
$551.40 broken and then $547.20...
09.37
Next resistance level is $553.90
09.35 The Resistance ?
Already the $551.40 zone seems to be a good resistance
We will fade towards $547.20 first and see whats there...
We should not trade above $552.00 for that scenario...
09.25 Pre-Opening
Resistance at $551.40 if broken then $553.90
and support is at $548.70 if broken then $545.30
See chart below...
Support $552.10 and $549.70 Resistance $557.30 and $560.20
Jan 21
15.15 Update on The Fade have Begun ?
$548.70 Broken
then $547.20 first and $545.30 after - low risk reward trade....
14.14 The Fade have Begun ?
Went over the $548.10 level; Now Max $551.40
Still think it is a Double Top at the $550.00 will slowly fade: We break $548.70
then $547.20 first and $545.30 after - low risk reward trade....
13.01 Update Double Top ?
Went over the $548.10 level; Now Max $551.40
Still think it is a Double Top at $548.00 will slowly fade towards $547.20 first-
and $545.30 after - low risk reward trade....
12.36 Double Top ?
Double Top at $548.00 will slowly fade towards $545.30 - low risk reward....
Should not trade above $548.80 for that
11.44 Feeling Reject ?
Failing to close above $543.50 on a daily basis will be seen for me as
technical weakness. It comes from a major trendline from Dec 5
( Amber line on the chart below )
11.10 Mind the Gap ?
A low probability event but: starting to trade below $542.90 can gap
quickly down towards $540.40
10.57 Another Update on Consolidation Phase ?
Here I Still think we will spend some times between $542.90 and $546.10
10.47 My PTS triggered at $544.70 - flat
10.45 Update on Consolidation Phase ?
My PTS now at $544.70
10.42 My PTS now at $544.20
10.39 My PTS now at $543.70
10.37 Another rebound here from the $543.28 - $544.50? stop at $542.90
10.32 Consolidation Phase ?
Here I think we will spend some times between $542.90 and $546.10
10.30 My PTS triggered at $544.70
10.30 My PTS is already at $544.70
10.26 Where the Support ?
First test of the $544.80 seems weak... Next support level is a lot stronger
at $542.90 - first reach tthere its a buy dead cat bounce... to $545.50?
10.15 Stopped and Miss ?
I ve been stopped and missed the downtrend! Jeezzzz... Should consolidate near the $544.80 level
10.14
Resistance now at $548.10 and support is at $548.10
10.12 My PTS triggered at $546.80 -flat
10.09 My PTS now at $546.80
10.07 Update on Second Wave ? I ll try it again $546.80 short stop at $548.10
10.05 Stopped at $557.60 I still have the same idea though...
10.00 Second Wave ?
I think it s a fade Wave 2 towards $545.50 max $544.50 stop at $547.50
09.56 PTS triggered at $547.10 - Will retry a short later...
09.55 PTS now at $547.10
09.52 3rd Resistance, 2nd Test ?
I think here will consolidate between $547.50 and $549.30 before resuming downtrend... $545.50 zone double test the support level?
09.46 PTS triggered at $545.20 - flat for now...
09.45 My PTS now at $545.00
09.44 My PTS already at $545.80
09.41 The Fade ?
Almost 3rd target reached ($547.50) - I think it s a fade towards $545.50 max $544.50
09.36 Second Target Reached ?
Turn cautious here $545.50 already reached
09.35 My PTS Triggered at $543.40
09.33 Opening Dead Cat Bounce ?
Opening Dead Cat Bounce from last Friday $542.90 broken then $545.50 in a choppy way...
My PTS already at $543.40 Should not be back below $541.80 for that...
09.25 Pre-Opening ?
Resistance at $542.90 if broken then $545.50 and support is at $540.10 if broken then $537.30
See chart below...
Support $547.20 and $545.50 Resistance $551.40 and $553.90
Jan 17
16.00 Totally Missed to Forecast the Bottom ?
My China Syndrome Scenario Sequence was expecting a low at $540.10...
We traded as low as $539.90. Will have to work on my systems again!
Think we will have a huge Dead Cat Bounce on Tuesday - $545.50 min ?
15.32 The CSSSC PTS Triggered ?
PTS STOP triggered at $540.90
Done for the week for trading...
15.13 The China Syndrome Scenario Sequence Completed ?
I think we saw the low...
Dead Cat Bounce towards $543.50 - $541.00 stop ultra risky trade
15.12 PTS triggered at $542.00
15.10 PTS now at $542.00
15.54 The China Syndrome Scenario ?
For me , a small probability but still: starting to trade below $542.90 can
bring a collapse to $540.10
14.43 PTS triggered at $543.80 now - so flat here...
14.40 PTS at $543.80 now
14.37 Update My New PTS ?
PTS now at $544.40
14.27 Update My New PTS ?
PTS Triggered at $544.40... Try a very risky short with $545.50 stop now...
14.15 My New PTS ?
$544.50 now
14.00 PTS at $544.30 now
13.56 A dead Cat Bounce ?
A risky A dead Cat Bounce towards $545.50 max before resuming downtrend...
13.52 Meet me at the Ultimate Level ?
$543.90 - Touchdown!
Careful here - can skid towards $542.50
13.47 Wave 2 on The Bleeding Scenario ?
We don t trade over $546.60 and a second bleeding wave to reach
the Ultimate level of $543.90 level coming at a theatre near you...
13.38 PTS Triggered at $545.30
13.35 PTS now at $545.30
13.30 The Bleeding Scenario ?
So we finallyt broke the $547.50 level and $546.10 level
PTS at $546.00 now
Move should fade near $543.90 level...
10.40 The Alternative Scenario ?
Well no catapult, then alternative scenario
I think we will ping pong for a while and going into the afternoon, we will
experience the slow bleed...
So for me, try to sell near $550 zone with tight stops ($550.50?)and cover after
If we break below $547.50 then $546.10 max $543.90
10.11 The Catapult ?
The way it trade, a risk that it get out violently within
the next 30 min of a break
above $550.40 then $551.70 max $553.90
or below $547.50 then $546.10 max $543.90
Playing the range for now ...
If it don t happen, then my alternative scenario is a slow bleed
into the pm session
09.58 The Chopper ?
The way it trade, I think we will be chopped both ways.
I dislike the volatility - no continuity here...
Here I am flat and spectator...
Waiting of a break above $550.00 or below $547.50 to trigger...
09.52 Update on A Dead Dead Cat Bounce ?
Risk of slippage here to make new lows $546.10 in mind first
For that we should trade above $550.00 unless $552.10 retest
09.44 A Dead Dead Cat Bounce ?
The bounce is shy and be careful of gaps down here...
09.43 PTS triggered at $549.60
09.41 My PTS now at $549.70
09.37 Dead Cat Bounce ?
A Dead Cat Bounce towards $549.30 If broken then max $552.10
before resuming downtrend...
09.33 The Bleed ?
Uptick at the opening :
Resistance at $553.90 if broken then $556.20
and support is at $549.30 if broken then $546.10
See chart below...
Support $540.10 and $537.30 Resistance $545.50 and $547.50
Jan 16
11.42 Still Into the Channel ?
We are still within a wide downtrend channel that started yesterday with
$550.90 support and $557.50 resistance - see chart below...
Not much to expect here, a small fade towards $553.90 max...
10.46 Fatigue on the The Hope Trade ?
Traded as high as $555.76, short of the $556.70
Back within the Range $551.70 to $554.70
10.21 Update on the The Hope Trade ?
Near the Hope trade here...
Breaking $554.70 can bring us to $556.70 - risky trade
10.09 The Hope Trade ?
Breaking $554.70 can bring us to $556.70 - risky trade
Still think we ll stick to the range
10.00 PTS triggered at $553.90 - Turn neutral
I think trade range $551.70 to $554.70
09.58 PTS at $554.00 now
09.56 PTS at $553.50 now
09.54 My PTS now at $552.90
09.50 Sequence completed ?
$551.70 becomes the support and we should painfully grind back up
to $554.20
If $551.70 brken then $549.90
09.43 Update on the Second wave the real one ?
$554.20 broken we gapped down to $553.00
Now in a slow bleed, going to $551.70
Should not trade over $554.20 for that scenario...
09.40 PTS triggered at $554.80
09.38 PTS at $554.80
09.37 Second wave the real one ?
Resistance at $556.70 if broken then $559.20
and support is at $554.20 if broken then $551.70
I think we will fade and test the $554.20
09.36 PTS Triggered at $556.30
09.35 My PTS now at $556.30
09.33 The Day After ?
Uptick at the opening :
Resistance at $556.70 if broken then $559.20
and support is at $554.20 if broken then $551.70
I think we will fade and test the $554.20
See chart below...
Support $553.90 and $551.70 Resistance $556.70 and $559.20
Jan 15
15.27 PTS triggered at $557.60
Done for the day...
15.24 PTS now at $557.60
Still $556.50 first, if broken max $553.90
15.05 Almost Stopped on the Tiny Bleed Wave ?
Was almost Stopped because we did trade at $559.25 and fell back instantly
Still in the trade
14.22 Another Tiny Bleed Wave ?
From $558.10 expect Another Tiny The Bleed Wave
$556.50 first, if broken max $553.90
For that scenario, we should not start to trade over $559.20
13.54 PTS triggered at $557.50
13.50 The Bleed have Begun ?
Think we will have a slow bleed til the close of the session...
$556.50 first, if broken max $553.90
My PTS now at $557.50
13.30 The Bleed ?
Think we will have a slow bleed til the close of the session...
$556.50 first, if broken max $553.90
11.35 Update on Stuck in the Mud Range ?
More mud than expected; volatility almost died instantly since 11.09...
Still think we will consolidate for sometimes between $556.70 and $559.20
11.09 Stuck in the Mud Range ?
I think we will consolidate for sometimes between $556.70 and $559.20
10.40 Update on Correction in Progress ?
Was expecting a dead cat bounce towards $558.60 nd did trade as
high as $559.00...
Still think it will become a slow bleed to retest the $556.50...
A retest of $556.50 is expected soon... If broken max $554.20
10.24 Correction in Progress ?
Reached the $556.50 here should see a rebound -
dead cat bounce max $558.60
A retest of $556.50 is expected soon... If broken max $554.20
10.11 Second Resistance Phase ?
My Second Resistance level was $561.30 but think we reached a plateau
already at$560.00 and it s gonna fade towards $557.90 first
If $560.50 trade, then $564.30
If $557.90 broken then $556.50 max max $554.20
09.51 Update on First CHL Resistance ?
Still have First CHL Resistance at $557.90 if broken then $561.30
and support is at $554.20 if broken then $551.70
09.39 First CHL Resistance ?
First CHL Resistance at $557.90 if broken then $561.30
and support is at $554.20 if broken then $551.70
See chart below...
Support $556.50 and $554.20 Resistance $559.20 and $564.70
Jan 14
15.10 Last Call on The Ultimate Level ?
The The Ultimate Level is for me the $546.90: we did trade $546.73
Still: Profit taking will take place $544.10 broken then $542.50
were we should find strong support...
14.07 Update on The Ultimate Level ?
The The Ultimate Level is for me the $546.90: we did trade $546.73
Still: Profit taking will take place $544.10 broken then $542.50
were we should find strong support...
13.03 The Ultimate Level ?
The The Ultimate Level was for me the $546.90: we did trade $546.73
Profit taking will take place $544.10 broken then $542.50
were we should find strong support...
11.21 The Broken Wall ?
Finally it did break that resistance wall at $542.50
The next big one is $545.50 then $546.90 - should be fade I think
towards $542.50 without strong conviction though...
10.33 The Wall ?
$542.50 here becoming the Resistance Wall - loosing momentum
Need to break it soon unless it will fade abruptly...
Trading back towards $541.00 will mean to me technical weakness..
If broken gap down to $538.00...
Unless a painfull grind towards $544.10 but doubt it
10.17 Update on No Momentum Break Out ?
Trading back towards $541.00 will mean to me technical weakness..
If broken gap down to $538.00...
Unless a painfull grind towards $544.10 but doubt it
10.16 PTS at $541.90 now and triggered...
10.14 No Momentum Break Out ?
$542.50 in mind max $544.10 with $541.70 stop
09.59 Update on The Range ?
Well choppy action this am
Still Need a break of one of those levels to trigger...
rade range here $538.00 to $541.00 and see there
If $541.00 trigger then $542.50
If $538.00 trigger then $536.40
09.41 The Range ?
Well already tested both side of the Range.
Still Need a break of one of those levels to trigger...
Trade range here $538.40 to $541.00 and see there
If $541.00 trigger then $542.50
If $538.40 trigger then $536.40
09.34 Strong Opening ?
Usually a strong opening like that, trade $541.00 as high...
Need a break of one of those levels to trigger...
Trade range here $538.40 to $541.00 and see there
See chart below...
Support $544.10 and $542.50 Resistance $546.90 and $547.90
Jan13
15.52 Out at $533.50
15.52 PTS at $532.70 now
15.51 PTS at $532.30 now
15.48 PTS at $531.70 now
15.44 Dead Cat Bounce No 4 ?
From the abyss at $531.20 towards $533.50 max stop $530.00
15.37 PTS at $531.70 triggered
15.31 PTS at $531.70 now
15.27 Dead Cat Bounce No 3 ?
From $531.70 towards $533.50 max here... Stop $531.00
15.17 Ugly Daily Candle ?
Could have been a bullish engulfing pattern...
But seems more to me now that we will have an inverted hammer...
Another pattern for rejecting higher prices... See second chart below
15.14 PTS at $532.00 triggered at $532.00
15.11 PTS at $532.00
15.08 $531.70 trade - very cheap for me...
15.06 Dead Cat Bounce No 2 ?
Dead cat bounce No 2 towards $535.50 max $536.50 here with $532.50 stop
- very risky trade ...
15.01 PTS at $535.70 triggered
14.57 PTS at $535.70
14.50 New Update on the Slippage Risks ?
$535.30 reached - traded as low as $534.89 - dead cat bounce towards
$536.50 max $537.50 here with $533.90 stop - very risky trade ...
14.26 Update on the Slippage Risks ?
Did trade as low as $536.76 at time of writing - for me the slippage risks
scenario is completed.
Does not mean we cannnot trade lower though but the gap have been filled...
Feel a dead cat bounce towards max $538.50 before resumeing downtrend,
a retest of $538.76 then $535.30...
14.11 Slippage Risks
If we break the $538.40 support level , the go directly to jail, do not pass go
and do not claim the $200! directly to $536.40 level I think...
13.14 Thanks fo your Support ?
Testing the $538.40 support level as writing, if broken for me false break out this am...
And IF broken, directly to $536.40 level
12.40 PTS at $540.60 Triggered - Flat Position Now...
12.30 PTS at $540.60 now
12.25 Update on the Fourth Resistance Line ?
Still $542.60 is the Ultimate resistance here - PTS at $541.40
Then $540.40 should be tested to see if we keep into the stratosphere or not...If $540.40 broken then $538.40...
11.39 Fourth Resistance Line ?
$542.60 is the Ultimate resistance here
I thought a range trade earlier but keep grinding to the fouth resistance level.
Then $540.40 should be tested to see if we keep into the stratosphere or not...
10.41 Range Trade from Here ?
So we made the top of the day I think at $540.20. Starting to trade below $537.90 will be a direct go to $536.30
So Range trade from $536.30 to $540.20 Would be surprise if we go out of that for the next hour, kind of...
10.36 PTS Triggered at $539.00
10.35 A Brand New PTS ?
My PTS now at $538.90
10.25 New PTS ?
My PTS ( Profit Trailing Stop ) now at $539.50
10.16 Update on the 3rd resistance trendline ?
So $540.40 as the wall resistance to trade back towards $536.30 still
Starting to trade above $540.40 will bring $542.60
10.01 Already on the 3rd resistance trendline ?
$539.40 tendline resistance. Back towards $536.30 here. Should not trade over $540.40 for that scenario...
09.40 Strong Opening = Weak Trading ?
Usually a strong opening like that, trade $536.39 is a fade...towards $533.90 and see there
See chart below...
Support $531.50 and $529.90 Resistance $533.50 and $536.50
JAN10
15.27 Out of the Dead Cat Bounce ?
Out at $532.70. That s it for this week. Have a nice week end...
15.12 Finally the Dead Cat Bounce ?
My PTS now at $532.80
13.15 No Cat No Bounce No Lunch ?
Well , was expecting a Dead Cat Bounce for Lunch... still waiting! LOL!
Now have $530.50 stop to target $533.60...
11.43 Dead Cat Bounce for Lunch ?
Even if near the abyss, $530.70 stop try a risky bet;
dead cat bounce at $533.60
11.07 PTS at $533.40 now 11.09 Triggered at$533.50
11.06 PTS at $533.70 now
11.02 Apple Fatigue
Second target of $535.20 almost reached ( traded $534.81 )
Fatigue of a dead cat bounce... Can fade towards $533.60 again-$535.40 stop
and if broken risk of new lows...
10.43 Mind the Gap - Part 2 ?
We had two broken levels this morning.
For now $531.00 remains a major support; if ever broken ( I don t think so but... )
it will bring a real nasty gap down to the abyss - $528.20 kind of quick
The risky trade here is buying at $532.70 with a $531.00 stop.
Risk rewards not there...
Breaking $533.60 should give us $535.20
10.25 Agressively Neutral ?
My PTS now at $533.10 was triggered; so Agressively Neutral for now...
First target of $533.60 reached, not sure if enough momentum
to reach $535.20
10.19 My PTS now at $533.10
10.11 The Perfect Storm ?
Another gap down to almost the next support level $531.00
Enough! $531.00 support dead cat bounce to $533.60 max $535.20
10.02 Storm Over ?
My second target almost reached ($533.60), I think finally we will have a
more balanced market...
$533.60 support, a dead cat bounce towards $537.20 - risky trade
If $533.50 broken, then $531.00
09.48 Mind the Gap ?
My PTS at $536.50 triggered; I m flat now
Can see a dead cat bounce to $538.30 here, risky trade...
If $535.20 broken, another wave slippage towards $533.60
09.45
My PTS at $536.50 now...
09.43 My Broken Dream ?
$538.50 broken, risk of slippage towards $535.30
My PTS already at $537.40
09.34 Strong Opening = Weak Trading ?
Usually a strong opening like that, almost trade $541.30 is a fade...
towards $538.50 and see there
If broken, $535.50 is the risk...
See chart below...
Support $531.00 and $528.20 Resistance $533.60 and $535.20
JAN9
16.05 Daily Bearish Engulfing Pattern Confirmed ?
We did closed at $536.52, so we re having a Daily Bearish Engulfing Pattern...
$535.50 next support... And $538.80 remain the next big resistance...
See second chart below - ellipse.
15.44 My Daily Bearish Engulfing Pattern ?
A daily close below $538.69 will bring us a daily bearish engulfing pattern...
See second chart below - ellipse.
14.49 Update on : $537.20 to Watch ?
Still: Starting to trade above $537.20 can bring a reverse ( squeeze )
to $538.80 max $541.30
14.14 $537.20 to Watch ?
Starting to trade above $537.20 can bring a violent reverse ( squeeze )
to $538.80 max $541.30
14.01 The Abyss ?
I wrote earlier: Having a daily close and or spending too much time below
$538.80 can be very bearish for the Rotten Apple Shares - $534.50 first
and $533.50 next in the cards...
A daily close below $538.69 will bring us a daily bearish engulfing pattern...
11.33 Near the Abyss ?
Having a daily close and or spending too much time below $538.80 can be
very bearish for the Rotten Apple Shares - $533.50 in the cards...
A support trendline that started on Jan 6 at $539.20 level now...
Still have $541.30 in mind though...
11.12 On a Trendline Support - Finally ?
A support trendline that started on Jan 6 at $539.60 level...
And major support at $538.80
Bleeding should stop here... Next resistance level is $541.30 here
10.48 Dead Cat Bounce ?
Dead Cat Bounce to max $543.50 here from the abyss of $541.20
Should not trade below $541.20 for that...
10.33 Rotten Apple ?
Still have $544.70 as resistance; already traded $542.33 max bleeding
towards $541.30...
$543.50 act as a short term magnet. Not sure about the next 2$, too choppy
So stick to tech levels $541.30 support and $544.70 resistance...
10.09 New Game Plan ?
Now $544.70 becomes resistance; already traded $543.50 max bleeding
towards $541.30...
Asking myself if we are not on saloon s door here...
I dislike the price action still...
09.58 Painfull Grind ?
Well. price action do not impress me. No momentum - I dislike...
Need a continuous grind NOW
Still Think we will grind and test it again and break it $546.80
09.44 Update on Feel Rejected
Testing the support at $544.70 - must hold unless slippage towards
$543.50 max $541.30
Think we will grind and test it again and break it $546.80- ...
09.33 Feel Rejected
Already tested the $546.80 at the open...
Think we will test it again and break it...
Next target $548.90
Must not trade below $544.70 for that...
See chart below...
Support $535.30 and $533.50 Resistance $538.80 and $541.30
JAN7
14.10 Near the Abyss ?
Breaking $538.80 will be quite bearish for Apple Shares on an intraday and
daily basis...
Next target $537.80 and $533.60
12.23 A Nasty Channel ?
A brand new downwards channel with $539.50 support and $544.70
resistance for now... See chart below
Another day with Apple shares disapoint..It always gap up on news
( CHL, Earnings ) and bled the remaining time...
No strong view here though unless $542.20 broken, another grind
towards $544.50?...
11.23 Update on My Broken Trend ?
$543.60 broken ; going towards in a slow bleed way towards the $541 zone...
Starting to trade and spend time below $540.80 will be seen a s extreme
technical weakness
10.52 PTS already triggered at $543.10
10.49 My Broken Trend ?
$543.60 broken ; going towards the $541 zone... PTS now $543.10 for me...
10.29 Timber ?
Reached almost the second target of $546.
Now if $543.60 broken, will mean to me technical weakness and back
towards $541 zone......
10.11 PTS Triggered ?
Triggered at $544.50 on my PTS...
I become aggressively neutral here...
10.10 Greedy Phase ?
Now my PTS is $544.50 and we are entering the greedy phase
towards $546 zone ( but not sure )...
10.08 A New PTS
My New Profit Trailing Stop at $543.60 now
10.00 Break Out
$542.20 break out
$542.20 will be the confirmation towards $543.60 ( already reached )
took some profit there
next target $544.50 then max $546.00
WE SHOULD NOT trade $542.20 soon... Unless $538.80
09.50 Bottom Near ?
Went close to the $538.80 level - close enough for me.
Spending time around the $541 zone is a good sign for consolidation,
establishing a good base...
Time to be back up - $542.20 will be the confirmation towards
$543.60 first max $546.00
$538.80 remain a major support...
09.37
Already below $541.50... Must hold here unless next level is $538.80
Still think we will grind up...
09.35 Good Is Really Not Enough ?
SP500 up, Apple shares down again...
First real support is $538.80.
Slow grind to max $543.40 and $546.80 max
We should not trade below $541.50 for that scenario
See chart below...
Support $540.80 and $538.80 Resistance $543.60 and $546.80
JAN6
14.35 Euphoria Phase 2 ?
Well, This morning, all sellers, this pm all buyers:
Is that only market driven ? Apple Counter Trend vs the Market ?
In part I d say yes... Tomorrow is another day and not sure Apple
shares will trade up...
STILL have $543.40 support and $545.80 resistance...
13.32 Capitulation Followed by Euphoria ?
Well first, I was wrong thinking we did not go over the $543.40 level...
Second, Capitulation at the opening is being replaced by euphoria now...
So now, we have $543.40 support and $545.80 resistance...
Not a strong view but still think of a fade til the closing, kind od $541.30...
12.42 My Dear Resistance Trendline ?
Well, coming from the Abyss, Apple shares are testing a crucial trendine
at the $543.40 level. See chart below - amber trendline...
Trading above that level on a closing bar ( hourly 13.30 NY Times ) will tell
me that the Bear squeeze will continue til the end of the session...$546.00?
But honestly, I think it s the Wall of resistance for today and fade in a
slow manner towards $541.30 max $538.80 and die there at the close...
11.15 Thanks for Your Support ?
We did $542.20 on the top side, was expecting #542.20 as resistance
So a break of the $538.80 level was kind of historic. ( NOW SUPPORT )..
Now, we must not trade again below that level for a strong technical
behavior...
A break of $538.80 will bring us back towards $536.60 - the magnet...
Neutral here for me.
10.47 Break Out ?
Finally we did have a break out at the $438.80 level...
So here max $542.40 on that break and consolidation after...
10.11 The $536.50 Magnet Experiment ?
Well waiting to see but seems that a false break down at $536.50 will be
a 3rd test of the $538 zone? Probably...
But I prefer to wait if break out at $538.80 for now; neutral stance...
10.02 Second Attempt Failed ?
We did trade $538.30 and reverse...
$536.50 will make the difference... If broken, then slippage risk to $533.50,
If not a retest of $538.80 and broken, then $542.40 max...
EXPECT CHOPPY MARKET
09.59
I ve been PTS at $537.20
09.58
PTS now at $537.20
09.52 Second Attempt and 3$ to Go ?
Here, if break of $536.50, I think we ll test finally the $538.80
Failing to break at the $536.50 will be seen as technical weakness...
$536.50 is now my PTS...
09.45
Already out at $535.30...
09.44 PTS ?
I put my profit trailing stop at $535.30 for now..
09.37 First Test Rejected ?
First real resistance is $538.80 and have been rejected...
Slow bleed to max $533.50 ( we did already $533.60 - sequence completed )
Dead cat bounce expected to $538.80 - very risky here...
We should not trade below $533.50 for that
See chart below...
Support $543.40 and $541.30 Resistance $545.80 and $548.10
JAN3
14.02 First Real Dead Cat Bounce of the Day ?
Dead Cat Bounce Target Reached at $544.80; for the greedy, profit trailing
stop at $543.90 trying to target $545.60, max $546.20...
12.34 The China Syndrome ?
From the movie: The China Syndrome
Imploding prices; even the strong $544.80 did not hold...
Next big one is $542.30...
Apple shares quite cheap at those levels
Dead Cat bounce to $544.80? $542.30 support; very risky trade
At time of writing, trade action was $542.80
11.01 Storm Over ?
It was Time Indeed...
Painfull grind to $548.60 with $544.50 support still valid...
10.33 Where s the Support Level ?
All support levels have been broken and now we stand at the 50% Fibo Level
of $546.20
Only one dead cat bounce to test the $548.60 level and rejected immediately...
$544.50 is next support level...
Stubborn I am... Another dead cat bounce to $548.60 with $544.50 support...
10.06 The Grinder ?
First dead cat bounce reached at $548.60
Tiny pullback / consolidation and resume grinding towards $551.00
in a choppy way.
09.53 Thanks for Your Support ?
Well $548.60 was broken like nothing was there.
$547.50 is a stronger support level...
Dead Cat Bounce towards $548.60 max $551.00
09.40 Bleeding Apple ?
I think we saw the bottom at $548.60
Dead Cat Bounce towards $551.00 max $552.00
We should not trade at $548.60 again for that scenario...
See chart below...
Support $542.30 and $538.80 Resistance $545.60 and $548.60
JAN2
15.23 Painfully Grinding Towards $554.50
Finally first target reached at $553.50; can extend to $554.50
max $556.80 til the close...
14.45 Get Me Back Into My Tiny iChannel ?
Extremely poor price action...
As I wrote earlier: Breaking $553.20 risk max $551.20 ( we trade $552.02 )
Need to get back quickly above $552.70 to Save My Hourly iChannel
We have a new downtrend channel with $551.70 as support and
$553.50 as resistance...
Stubborn I am; still think of a painfull grind towards $553.50, then $554.50
12.48 Update on My New Tiny iChannel ?
Still $553.20 support and $554.50 resistance on the Tiny iChannel...
Still think a slow and painfull grind towards $554.50 first max $556.80
We should not trade below $552.40 for that scenario...
11.51 My New Tiny iChannel ?
A new iChannel within the bigger one with $553.20 support and
$554.50 resistance...
Still think a slow and painfull grind towards $554.50 first max $556.80
We should not trade below $552.40 for that scenario...
11.11 Update on Support of my iChannel ?
Same old, same old...
Still think we ll grind painfully towards $556.80 in a choppy manner...
10.20 Update on Support of my iChannel ?
Price action is just awful.
Not sure here but think we made an excess testing the support
( traded as low as $552.64 )
Still think we ll grind painfully towards $556.80 in a choppy manner...
09.57 Test of Support of my iChannel ?
Traded exactly $553.20 and started to bounce back painfully.
I guess $556.80 but will be a choppy ride...
I dislike the way Apple shares trade this morning...
For my plan, we should not trade $553.20 again unless slippage to $551.20
09.40 Classic Strong Opening and Fade ?
A classic uptrade at the opening, but should bleed towards $553.20.
Starting to trade below $553.20 will be seen very bad technically speaking...
Risk of slippage towards $551.40
Already met a huge resistance trendline that started on Dec 5 at $556.80. ( amber line )
Starting to trade above $556.80 again will mean to me that we re gonna reach
$559.20...
Until then, range trade $553.20 to $556.80
