SPY APPLE BITES
Apple took a chunk of the market out today with news about cutting production on the IPhone but it rebounded pretty quickly. Netflix came in to save the dip buyers showing good subscribers for the quarter. What will Tesla do tomorrow after market I’m sure the numbers will be good sending us closer to 380. Next week we have big tech earnings apples news today reminds me of Walmart last quarter when they announced they had to much product and laying off people dumping the stock then earnings came out and it took off. This week needs to close in the 380s for the bulls to have a chance if it fails the weekly candle will look bad. We all know this is one big bull trap don’t get caught when the flap shuts. The bull takes the stairs the bear jumps out the window. Expecting a gap up tomorrow it’s the only way they can pass these supply areas 377 to 379. Try playing the open range breakout on the first candle in the 3 minute chart which ever way it closes that’s what you buy, green buy calls red buy puts use the top or bottom of the candle for your stop loss. Today was a good example of ORB. As always trade what’s in front of you good luck
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