AAPL's Today Session

Current Market Overview
* Price: Trading around $237.21 with a downward move today.
* Volume: Noticeable volume spike during the recent sell-off, indicating active participation.
* Trend: Breaking below key EMAs and weakening momentum suggests bearish sentiment in the short term.

Key Observations
1. Support and Resistance Levels:
* Immediate Resistance: $243.69 (Recent consolidation top).
* Major Resistance: $248.35 (Gamma resistance and prior rejection level).
* Immediate Support: $230 (Critical Gamma level).
* Major Support: $218.20 (Gamma Put Support, recent low).

2. Indicators:
* MACD: Negative crossover, with histogram showing increasing bearish momentum.
* Stochastic RSI: Extremely oversold (below 10), indicating potential for relief bounce.
* Volume Trend: Higher volume in sell candles reflects strong selling pressure.

3. Price Action:
* Bearish momentum has broken, signaling continued downside risk.
* Current rejection at $240 aligns with increased selling activity.

4. Gamma Analysis:

* Highest Call Wall: $250 (resistance zone).
* Highest Put Wall: $230 (critical support zone).
* Market positioning below $240 suggests a shift to bearish Gamma.

Trade Setups
Bullish Scenario:
* Entry: Above $240 on a retest with a strong bullish candle and volume confirmation.
* Target: $243.69 → $248.35.
* Stop-Loss: Below $238.

Bearish Scenario:
* Entry: Below $236 with increased bearish volume.
* Target: $230 → $218.20.
* Stop-Loss: Above $238.
Neutral Play:
* Monitor price action near $230 for a potential bounce or breakdown.

Conclusion
AAPL is showing short-term bearish momentum, but oversold indicators suggest a relief bounce is possible. Watch $230 for support and $240 for resistance as key pivot levels. Traders should use caution in these volatile conditions and keep a close eye on Gamma levels for directional clarity.

Disclaimer: This analysis is for educational purposes only. Always perform your own due diligence and manage risk accordingly.