Apple pushed up pretty strong yesterday. Closing at a price of $594.09, and with a push up pretty fast. I am looking for a pullback as the price has reached Over Bought conditions.
Today it has backed of and is in selling mode right now. Sitting at the top with a doji. I want to see price drop back tomorrow. I have a sell position in now only looking for a $1 move down to play it safe.
If price drops back tomorrow, I will be adding into a Put position for the rest of the week.
Well traders, it has been an exciting couple of days for Apple after they announced earnings. Just play it safe right now until price gives you a better signal. There is a large gap now and gaps like to get filled.
Good luck and Happy Trading!!!
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