Apple בע"מ

AAPL – Possible Double-Top and Bearish Trend Correction

288
Waiting for bearish EMA Cross or $281 to enter bearish
Note - AAPL heavy market cap in relation to SPY should be watched for overall market correction.

Trade Entry
If we cross $281, I would verify EMA bearish cross and look for bearish Call Credit Spreads 14 days to 30 days out. Collect credit for options which you think will expire worthless as price falls.
I will update with specifics if/when I enter.

Chart Details
This could be the possible correction in AAPL we have been waiting for after over extended run.
Multiple gaps to fill. More gaps further down.
Last two Daily candles closed at almost exact same price ($300.58 and $300.60) double top.
RSI is turning down showing trend may be reversing.
Trend dots on Daily view confirm possible bearish trend confirmation.
Next Weekly view trend is bearish. I will update if Weekly trend confirms.

About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish

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