The 212.77 rally target shown in today’s chart should be familiar, since it has been in play for nearly a month. AAPL’s ascent has been too steep to trip any ‘mechanical’ buy signals, but if it should pull back to p=198.68, we’ll consider putting an ‘old-style’ bid there, stop 193.98. Stay tuned to the trading room for guidance in real time if the stock gets close to the fed line intraday. Regardless of whether there’s a pullback, we’ll want to stake out a spec short position if and when D is hit.
