Apple defines the S&P500 and both are showing similar signs indeed; Possible up to test resistance and then fall to another low!

Recent key movements

- MA5 crossed below MA20 on 3 Aug, tested lower BB and crossed above MA20 29 Aug, tested the upper BB. Back down below MA20 but not tested BB yet. 

- Bullish buys around Fib 38.2 level at 178 and also triangle support at 175

Possible Bearish movement (more likely)

- Reading a buy push to MA20 (180) before rejecting down to the lower BB and MA20 at 165 (MA200 purple and also Fib level)

- More likely movement in conjunction with S&P500 setup with possible bearish move below 430

Possible Bullish Movement (less likely)

- Break MA20 (180) and then test triangle and break MA50 at about 184/185, rejecting at upper BB at 190

My plays

- Still on manual strangles with sold puts 140 and 145

- If breaks above or testing MA20, might consider selling calls for upper strangle 

- Either way, will sell more puts when it breaks to 165 as good support at 165 and 155

Apple Daily Chart - 24 Sept 2023

@LMSunshine  @TigerStars  @macroB  @CaptainTiger  @Deposit  @CaptainTiger  

$Apple(AAPL)$