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That's a big red candle today....and it surprised me honestly.
First support underneath is the uptrend line (~621 or so) and then a volume shelf at ~615. If AAPL loses 610, I'd be a tad bit surprised but I wouldn't be shocked.
Definitely not the earnings run we are used to seeing in AAPL.
I trade Apple from a longer term swing position, so I am still bullish here as I believe the QQQ's are heading higher, and I believe AAPL will as well into EOY.
I have to hold it longer because it's just so damn expensive, so I take smaller position for longer period of time. I think a stock split for AAPL would be a very bullish move, and I would welcome it
AAPL wasn't happy on Friday as 100 Day MA, the up-trend line from May, long term S/R at 620, the Weekly 20 Week MA @ 627.15 and the Volume shelf at ~617 were all broken. This was a powerful move down.
Next support at ~602 (bottom of the volume shelf)...if no bounce there then the next level of support 590 (Long Term S/R) then 200 Day MA at 581.25 and the Monthly 10 MA at 580.02.
Until I see some digestion at these levels, i'm not looking for any swing longs and wouldn't short AAPL down here with earnings coming up. As always, I will be looking for intraday trades.