Pennywick

AAPL Channel Support Confirmed Friday

NASDAQ:AAPL   Apple
With QQQ detached from the Monthly UBB I can not take long term (weekly) bull plays. I am watching for a market reaction to the macro stimulus negotiations stall and whether this is a chance for the market to resolve and check in with the UBB. If we move back-down to QQQ 263 I will be a buyer for a bounce. If we lose and backtest this channel level on AAPL, with volume, I will have puts ready. Longer term, market liquidity and the 4/1 split provide a bull backdrop. The only other headwind is China, they have been keeping the economic peace with muted responses to rhetoric, embassy closings, and of all things TiK TOK!!??
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