Note the arrow is the target, not the path. We may get a dip here because MFI is overbought, but we probably hit the upper trendline on Ponzi Tuesday.
AAPL wants $500 bad.... keep an eye on it. It may rally all the way until the 8/28 split date. AAPL is carrying SPX, DJI, and NDX today. All foreign markets were in the red... I expected a down day today, then AAPL went parabolic, lol. WOund up making beer money on NKLA puts.
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So AAPL hit my $500 target, but I maintain bullishness until we hit my to magenta line.
Chart pattern looks like an exhaustion gap, and there is a futures gap below, so I'm not chasing this rally. Only position is DLTR calls for earnings> I'm too chicken poop to short the market until we hit my projected top.
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Looks to me like it's forming an intraday pennant for the final push up Tue/Wed.
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Still think it hits my magenta line but market looks weak.
Holding DLTR calls for earnings, no other position. I don't short stuff on Mondays since 90% of Tuesdays are up days.
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