The macro lower high formation mentioned late last week in all indexes including AAPL as well is continuing at the start of this
week, and until this formation in breached I will remain swing-Short via SPY puts
from Thursday morning.
For today IWM must remain
below 122s in order to continue
lower to 120.20, ESU5 must remain below 2080s-2082s zone for chance of reaching
2055s/54s, NQU5 must stay below 4582s/83s
to reach 4495s/94s, and AAPL must hold below 125.30 for chance to reach the first
lower target at 122.20 then a key
support at 121.80.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC