Astrofinance
Apple 30 SEP - Elliott waves | Gann | Astrology $AAPLAAPL was rejected at the .618 fib mark (blue box) as expected, but consolidated afterwards, so that we may consider a wave (b) to unfold if price breaches the blue box.
In that case a short-term trade could be considered to capture a potential wave (b).
A put options sweep occurred yesterday, 143 strike/1 OCT expiry, 212 contracts, which we can interpret as bullish sentiment.
The channel median line (blue dotted line) provides support for now.
Several major constellations occur today: Sun conjuncts natal Jupiter and shortly thereafter natal Saturn while in trine with retrograde Saturn. An expansion of volatility may be expected.
Ireland may sign a global corporate tax agreement which would rise the corp. tax for Apple to a proposed minimum of 15%. The deadline is 8 OCT for a statement which may cause AAPL to decline again around that date.
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
$AAPL Apple 19 SEPT: Elliott waves | Gann | Planetary AspectsApple has topped out right at the Gann level of 157 USD. This level is a 315 degree rotation on the square of 9, measured from the low of March 8. It is 7 times the 45-degree rotation, and 7 is usually associated with the completion of a cycle.
As the Elliott count showed a completion of 5 waves up, this gave us confidence for a short trading idea.
We may look for the next Gann level at 144 for temporary support and potentially the completion of 5 waves down (green count).
If a retracement to the 50-60% area occurs (blue box), AAPL could run into resistance at the 21 day MA and the 150 Gann level, or a bit higher, which is typical for a retracement in wave 1.
Planetary aspects have been working incredibly well on Apple. On 27 SEPT Mars and Sun will conjunct natal Jupiter and Saturn within a few days. Two very important aspects that may coincide with an expansion of volatility.
The equinox is on 22 Sept. Historically, autumn equinoxes often coincide with bearish momentum.
Correlations: QQQ has been bearish on Friday, a follow-through on Monday is to be expected. However, QQQ and SPY still have the possibility to complete the final wave 5, marking a slightly higher ATH next week. We need to observe if such a surprise reversal occurs. Apple has been the bearish leader among major Nasdaq stocks, so that we may expect choppy action in case the QQQ proceeds with a wave to the upside.
China: The Evergrande crisis may continue to escalate. A debt crisis (or the fear thereof) may trigger institutions to reduce assets, which may include AAPL, resulting in selling pressure. We need to keep an eye on Evergrande developments as major debt default crises like to spiral out of control.
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice.
______________
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand (momentum), and to use options premium decay for consistent income when markets may contract (range).
Get a 14 Days Free Trial: www.constellations.trade
Open an account here if you'd like to support my work:
Deribit - Trade Bitcoin option premium decay strategies here:
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Binance - 10% off trading fees with this link:
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Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.