AAPL Long Super Bullish will Go to 370$ and Higher
New 52-week highs this week, powered by the Dow and Nasdaq100 which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year.
I have explained 2 bullish scenarios,1 bearish(worse case).
Bullish:
higher highs higher lows
poc uprising
volume increasing
capital flow rising
In case the Take profits hit, and we have increased volume, I will ride the trend.
I will only take profit 10% of the AAPL portfolio and let the profit run.
Exit :Stop loss or trend change signal
The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run.
This trade setup is only for trend followers and on daily TF.
AAPL
AAPL Apple Options Ahead of EarningsIf you haven`t bought AAPL here:
or shorted its exposure to China:
Then entered the Technical rebound:
Now analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the $192.50 strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $6.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
NQ Levels - CGG Newsletter 07/31-08/04Upside
15897 → 15980 → 16063 → 16142
Downside
15709 → 15583 → 15484 → 15484
NQ is in a bullish channel on the daily, and retraced about 60% of its last move when it made last week's low.
A breakout to the upside can fill the daily FVGs above:
Current FVG filled at 15991.25
Next FVG filled at 16142
Measured Move sends us to 16483.25.
All Time High 16767
SPY - A Dip Is Coming. Maybe Buy It?The question at the top of everyone's minds right now is: have the markets topped?
It's the kind of question that allows for a great deal of manipulation as sentiment, emotions, and the P&L column are manipulated violently.
Since the markets were wildly bullish last quarter, inside of an overall market that is not bullish, and economic fundamentals that are pretty bad, your guard should certainly be up when you see a new quarter begin and price continue to run rampant.
I discuss the parameters of a new quarter in the below post:
SPX/ES - An Analysis Of The 'JPM Collar
And elaborate my feelings on the Nasdaq here:
Nasdaq - The Great Bear Trap
Caveat to the above is I now expect the Nas to only do, say, 14,400 and ultimately target the 16,000 figure.
You're in an overall market where the US Petrodollar is set to rally, and rally hard:
DXY - The US Petrdollar And The "Prigozhin Coup" In Russia
Even though the dollar might only do 108.
And our good friend the VIX is too low to be sustainable for any kind of bull run, because they love "selling volatility and going away," so things need to be reset.
VIX - The 72-Handle Prelude
Geopolitically, there are a lot of problems. Specifically with China.
Since Secretary of Treasury Yellen visited Beijing to meet with Xi Jinping and other government officials, there has suddenly been a huge posturing of "Taiwan war" rhetoric in the whole international media propaganda apparatus.
China is in no condition to try to invade Taiwan after the damage the pandemic has caused for the last three years, however.
In my view, what's really going on is the Chinese Communist Party is about to either be forcibly overthrown by "outside forces" (NATO, Washington, the "International Rules Based Order") via Taiwan.
Or Xi is about to dump the CCP to defend the motherland, since he and his faction are major Chinese nationalists.
Either way, you have to be very careful if you want to go long on dips. Don't full port or anything stupid, and if you want to go bigly long, do yourself a favour and hedge long on something with volatility.
Because whatever happens will happen in Beijing time, which happens to be 12 hours ahead of New York time.
Meaning whatever happens will be gap down time.
And if Xi dumps the Party and weaponizes the 24-year long persecution of Falun Gong by former CCP Chairman Jiang Zemin and its Shanghai (Babylon) toadling faction, the entire world is going to be implicated in the inquest.
Because everyone has been going over to the Mainland to dirty themselves with Jiang and the Spectre of Communism in order to get the financial and social benefits they desire.
But as long as things stay on course, here's the call.
When it comes to SPY, it's hard to argue what is up isn't going to keep going up.
If you ask me, the first target has to be the $461 March of 2022 high.
But we've been up a lot for a long time, and SPY set its thus-far July low at $437 on only the third trading day of the month, which was a shortened week because of Canada Day and Independence Day to begin with.
You can see that something is amiss by looking at the SPX Futures contract against the DXY, which lost 400 pips in roughly 10 days, marking a significant and strange divergence.
Another significant tell is in the Dow, which is the weakest of the indexes right now and a leader, where the DIA ETF made a new high (2 cents, hard to see) but the underlying futures contract did not.
This may indicate that the alleged bullish momentum from last week is fraudulent, at least in the short term. Possibly the long term.
Friday's market action was really bullish on open and then really bearish on close, which likely means we're due for a reversal.
We have an entire eight trading days until the next FOMC rate announcement.
After July, there's no meeting until September.
So what I think we're about to see is to have a proper July low of the month get set.
And before the month ends we'll see a bounce, and our bounce will lead to the $463 target being achieved during the first week of August.
And so if we have a middling/strugglebus Monday, it's worth considering reducing your long exposure, if you have long exposure.
I think the $433 figure is the target because everyone is a Mason in reality and they just love 33 so much. It also doesn't break the June pivot, which aligns with the August of '22 pivot that was already taken out.
More importantly, if $463 is achieved, you have to be exceedingly cautious.
There's a certain degree of "financial shocks" that are arranged for Q4 and Q1, 2, and maybe even 3 of 2024 that you will find exceptionally difficult to endure.
So make sure you make up for any regrets you have with your friends and family, as soon as possible.
Make sure you stand on the right side of history when it comes to humanity's future and the CCP and its Marxist-Leninist junk.
Money, fame, power, and sex aren't worth selling your soul for.
NQ Weekly Lower High?If you remember from back in October 22' - The economic news media was on full panic mode. If you only listened to them, you would have been closing positions and preparing for more downside. Smart money did the opposite at that time. 1-5 Elliot Wave is something I had posted during the Oct 22' lows, expecting large demand at those levels.
Now we are almost a year into the future, and about 40% higher from the lows created last year. The economic news media is calling for ATH's, soft landings and it seems hard to believe. Another interest rate hike is right around the corner on Wednesday with 98% certainty, along with mega cap tech stocks earnings.
Do we form a lower high? Not sure, but it would really start to look good for people selling options moving into the bloody months of Sept and August. A move lower from these levels is starting to get more and more probable, and at some point, every bear is right. I am not a perma bear, I just believe that some mega cap stocks (NVDA) are completely disconnected from reality and a correction to some big names could leak into other tech stocks. Be prepared, and good luck.
Thanks,
Apple -> Will It Hold Support?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180.
I am now just waiting to see how Apple reacts at the current level considering that we are once again retesting the bullish trendline - so far market structure is still bullish but if we see a break lower, the daily timeframe looks like a correction is inevitable.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Apple -> Watch This Potential PatternHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe on Apple is showing some overextension towards the upside and Apple hasn't retested the 0.236 fib level yet so we could indeed see a short term pullback now.
Apple could also created a solid double top on the daily timeframe and if Apple stock also breaks below the solid uptrend line we could certainly see a short term move lower to retest the previous all-time-high at the $180 level.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
APPLE Next stop 200 after a pull-backLast time we bought APPLE (AAPL) on the short-term was on June 05 (see chart below), after a technical pull-back, and easily hit our 190 target:
The stock has maintained the Channel Up since late March with the 1D MA50 (blue trend-line) in Support since January 25. Based on the 1D RSI, which has been within a Rectangle pattern while the stock is on the Channel Up, we are about to see a technical pull-back towards the Higher Lows (bottom) trend-line and then rebound for a Higher High. That is a short-term opportunity for buyers to target $200.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Apple (AAPL) Short Term Still Looking to End Wave 5 HigherShort term view in Apple (ticker: AAPL) suggests the rally from 3.29.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.29.2023 low, wave 1 ended at 167 and pullback in wave 2 ended at 159.70. The stock resumed higher in wave 3 towards 195.27 as the 1 hour chart below shows. Down from there, wave 4 unfolded as a double three structure. Down from wave 3, wave (a) ended at 190.99 and wave (b) ended at 192.98. Wave (c) lower ended at 189.20 which completed wave ((w)). Rally in wave ((x)) ended at 192.67 with internal subdivision as a zigzag. Up from wave ((w)), wave (a) ended at 192.46, wave (b) ended at 190.24, and wave (c) higher ended at 192.67 which completed wave ((x)).
The stock resumed lower in wave ((y)). Down from wave ((x)), wave (a) ended at 187.04 and wave (b) ended at 189.96. Final leg wave (c) ended at 186.62 which completed wave ((y)) of 4 at the 100% – 161.8% Fibonacci extension area of wave ((w)). The stock has resumed higher in wave 5. Up from wave 4, wave ((i)) ended at 191.7 and pullback in wave ((ii)) ended at 188.47. Wave ((iii)) still remains in progress and should complete with 1 more push higher. Near term, as far as pivot at 186.62 low stays intact, expect pullback to find support in 3, 7, 11 swing and stock to extend higher.
AAPL rose sharply and broke throughAAPL rose sharply and broke through
This chart shows the weekly candle chart of Apple stock for the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, after rebounding to a small peak in January 2022, Apple's stock broke out of the enlarged triangle consolidation pattern. After stepping back on the 0.809 level of the golden section in January this year, it rose sharply and broke through the highest point in 2022, reaching around the 1.618 level of the golden section in the figure! The next strong pressure level is at the golden section of 2.000 in the figure!