AAPL is the crown gem of the S&P 500 and it's been moving up forever. Looking at the wave master indicator, you'll notice the red and white wave on the daily timeframe has been in overbought ierritory for literally years.
That ended this year, moving into the neutral zone around May of 2022. That was after a big decline of roughly 27%.
Then yesterday we broke those lows. We're in the middle of a rebound, but I am going to look to get short on AAPL soon. Nothing crazy. Some low cost debit spreads or AAPL bear ETFs. I expect the long term of this play to work out in the end and I'm not interested in timing the move.
That ended this year, moving into the neutral zone around May of 2022. That was after a big decline of roughly 27%.
Then yesterday we broke those lows. We're in the middle of a rebound, but I am going to look to get short on AAPL soon. Nothing crazy. Some low cost debit spreads or AAPL bear ETFs. I expect the long term of this play to work out in the end and I'm not interested in timing the move.