AAPL

Target has been reached. Key time, today will determine whether it's stopping at 480-485 or rocking until 495. Stay nimble and stay alert.

Nearly Perfect Week For AAPL

AAPL - It was an incredible week for us, Friday managed to closed at $474.98 with an intraday high of $478.81. This strength bodes well for our target at $480-485, which could be reached on Monday Feb 11 with continuation pattern. Last night, I said closing above 20EMA on the daily chart on a reversal wave would be a major obstacle, which proved correct. We closed 31 cents below 20EMA today. See charts:

SPY - Still a bullish pattern, made a higher high today. Don't have a mid term trade on it, can only day trade it. It's important to note, Monday sometimes serve as New Trend starter days. As long as we don't break below 149.50 decisively, Bulls are in control.

Cheers to those that traded with us, a +1000% week.

AAPL + SPY Review

AAPL - It has been nearly a perfect week for us thus far, Apple was much easier to trade compared to SPY. Lets cut to the chase, we have a full confirmation so the immediate target is $480-485 effective for 5 trading days.

SPY - Daily is still a bullish pattern, everyday intraday reversals retraces to 61.8% or more. Stay alert.

AAPL Intraday

Sloppy signal was correct, gonna consolidate first. 465-452 channel, stay nimble.

AAPL + SPY Review

AAPL - We made it to my signal price of $465, however we closed 8 bucks below that so this cannot be treated as final confirmation for the 480-485 target. This week has been pretty easy to trade and profitable thus far when compared with SPY. Feb 7 morning must show strength or we're gonna be bounded into a consolidation channel. Stay nimble.

Everything explained on charts:

SPY - Double top signal from Feb 5 was correct, we had a gap down, but too bad no continuation.

 I made an intraday post saying that if it retraces more than 61.8% then it's a likely bear trap. Yes, bulls won again for the billionth time these 2 weeks :) 

The daily ongoing risk of SPY is still here and it keeps on hindering AAPL's mid term trades probability. 

AAPL Intraday 465

Target signal has been reached. Easy day :)

SPY Intraday

Gapped down double top, good. Have to see how much it can retrace, if more than 61.8% fib like yesterday it's a bear trap.

AAPL + SPY

AAPL - Almost a 20 dollar reversal today, not bad. The exact figure for this run is $17.52  lows to high. Jan 28's bottom was a $17.35 reversal. However, today's reversal did not retrace 38.2% intraday compared to the Jan 28 incident. 435 was the True Bottom tomorrow shows commitment . AAPL has been easy to predict these two weeks compared to SPY. Break above 465, immediate target is 480-485 within 10 trading days.

SPY - The downtrend did not continue today, rather it made a higher high by a nudge. However, today closed with another top formation signal.

AAPL Easy Day

We got a first confirmation closed above 455 and above 20EMA hourly, better than I expected. (450)
Buy and trail scalp days are too satisfying..

Will post charts later.

AAPL Intraday

This intraday reversal is not confirmed yet. Need a close above 450 for strength confirmation. Stay nimble. Easy scalp day..or buy and trail

AAPL (Opportunity in the works) + SPY

AAPL: It looks like a huge opportunity in the making, my bias sees a large reversal coming up. However, this time it is not a must oversold bounce like the one I called on Jan 27 [immediate reversal intraday if Jan 28 gaps down]. It was easy to bottom fish last time, but now the challenge is significantly harder.

See AAPL charts:

SPY: Top formation, immediate target is 148-148.15 if continuation continues.

AAPL + SPY Review

AAPL - Same thing, still 455 - 460 channel consolidation.

SPY - Got real close, made it to 149.6, was 0.10 away from 149.5. Morning Emini is exhaustion pattern