AAPL - Range Trading

AAPL continues to trade in ~$3.00 Range since 13 AUG - largely mirroring the SPY/QQQ price action (Correlation).

Multiple Supply Zone tests since 13 AUG has resulted in price retreating back to ~50% of the trading range.

Shorts are protecting pretty aggressively (Supply Zone) and multiple tests have failed.

Expect an aggressive breakout if AAPL breaches the top portion of the supply zone (shorts covering) followed by an aggressive push to fill the gap from 10 AUG.

*Not financial advice.

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