AAPL, the most owned and institutionally loved stock on this planet or any other, has turned our longstanding rally target at 370.15 into chop suey, telegraphing still-higher prices to come. Specifically, the stock is an odds-on bet to reach D=385.48, at least, given the way short-covering bears shredded the 359.03 midpoint resistance after the close. Even the sleazeballs who work this stock couldn’t avoid a pullback from the secondary pivot at 372.26, since, as we know, all vehicles in all times frames, whether moving up or down and irrespective of the news, reverse 100% of the time at p2 (just kidding, sort of).  Anyway, we’ll look for ways to leverage a bullish bias — not only in this stock, but in all stocks traded around the world, since AAPL is now carrying them effortlessly higher. _______ UPDATE (Jun 24, 7:16 p.m.): Today’s hard selloff did not change the odds of AAPL’s reaching 385.48.  In fact, the weakness tripped a mechanical buy at p=359.03, stop 350.21. I’d suggest paper trading this one, given that the initial risk is almost $900 per round lot. If it works, it will demonstrate yet again how ‘mechanical’ trades allow us to go against our fears and doubts. _______ UPDATE (Jun 25, 5:51 p.m.): For those of you who are paper-trading this one, or are in the trade with real money, I’ll recommend taking off 25% of the position at a current price of 364.60. That will effectively reduce the cost basis of the 300 shares that remain to 357.17.  Offer an addition round lot to close at 366.70.