That's the ask...
A counter point for a slightly longer time frame: [ATTACH] ...and some context (sorry for the cross hair): [ATTACH]
That looks like the break below 2475. This would constitute sustained selling and a confirmation of the break of the channel. Edit:...
AAPL looks like it may have just blown-off here. Other single names confirming with a round-the-top. Very much in line with a volatile test of 2475.
[ATTACH] Ok, gotta say, I thought the market would have some free thought other than AAPL.
Single-name VWAPs descending today--and they would correspond to 2475ish during the next hour. That's probably a brick wall today.
Here's a good place to go long. AAPL just SSR'd
That last two mins looked like a test and fail at 2475. If it holds, we should have broken the channel for now.
Well, I'm certainly seeing this as the bottom of the 2475-2525 range. Once we break that, we break the S/R of the Feb lows...And there's just...
Sound logic. Had you followed it and shorted you'd have recouped almost 80% of your losses...you know, if you didn't use stops or have a broker...
Well, you do...but you just catch it in the charts. Same here. I saw the Qs at 4:25ish and went hunting for the news...found the AAPL halt about...
The story changed fundamentally with the AAPL guide-down. That's gonna be a monster headwind after today's whispy test of 2525. It's tough to...
This actually presents a nice trade on both sides. mid-2530s would be one heck of a stop level for that size move. 100 points in a day doesn't...
Another observation, equity volume is surprisingly low today (15-30% under 5-day average), and that's mirrored in SPY and QQQ. I'm keeping that...
And the Feb lows were 2531. They're still 2525 in my book. I don't place much value in "fine-line" thresholds for S/R levels. I'm also on a...
We've been locked in the 2475 - 2525 range for the last 3 trading days. I'm not putting much faith in any moves within that.
2525 seems to be the long-term S/R wall it was 11 months ago...seems like we're pinging off the other side of it this time.
What would you back test? When the spread is wider than theoretical value, the first (showing) bid and ask aren't very meaningful.
ITM contracts will have wider spreads than the OTM contracts. The reason is higher delta means they're more sensitive to the underlying price...
Think we see 2425 today?
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