A Quick Glance at $AAPL

$AAPL has a similar structure as the S&P does with one difference. While the S&P has reached the lower rail of its, Apple has not:

AAPL

I’m not sure if it will need to, but I also acknowledge that it might need to. It’s possible that Apple goes down again for a touch while the S&P “underthrows” its.

It would be best to see an intraday reversal with the $VIX closing back inside its Bollinger Bands on the daily (a buy signal) but it has not yet. I had closed some hedges earlier today, but I am putting some back on just in case this has to go lower.


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