Just last month when $AAPL put in that cute little double bottom at $300, said it would bounce to $325. Well it gave us more than that. Bounced all the way $345’s to a new ATH.
The Oct monthly calls went from $2 to as high as $12 a few days ago. 6x in a month with plenty of time to spare. Wow.
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$AAPL Chart Update:
Last month I said Apple was due for a pullback around the $338 area. Now that it's corrected 12% from ATH peak to trough, I think it's time to get a bouncer.
Bulls gotta hold this important $300 whole number psychological mark. Even if a mini breakdown of it in a "false breakdown" is ok. But gotta bounce back immediately if so.
Looking for a near term bounce back to $320-$325ish as a backtest of the former r/s area. Then we re-evaluate there.
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