AAPL was rejected at the .618 fib mark (blue box) as expected, but consolidated afterwards, so that we may consider a wave (b) to unfold if price breaches the blue box.
In that case a short-term trade could be considered to capture a potential wave (b).
A put options sweep occurred yesterday, 143 strike/1 OCT expiry, 212 contracts, which we can interpret as bullish sentiment.
The channel median line (blue dotted line) provides support for now.
Several major constellations occur today: Sun conjuncts natal Jupiter and shortly thereafter natal Saturn while in trine with retrograde Saturn. An expansion of volatility may be expected.
Ireland may sign a global corporate tax agreement which would rise the corp. tax for Apple to a proposed minimum of 15%. The deadline is 8 OCT for a statement which may cause AAPL to decline again around that date.
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open BTC = buy to close BTO = buy to open STC = sell to close TD = Theta Decay (for example a strangle or iron condor)
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