Watch AAPL

BY LICIA LESLIE 

August 11, 2023

 

Hi Shoppers,

 

Remember when I talked about Apple (Ticker: AAPL) topping out and possibly rolling over?

 

I showed you how it had reached the upper end of my pitchfork.

 

Look here and here for the reminders.

 

Well, AAPL is now sitting at another juncture here at $177- $178:

 

 

Watch for AAPL to either bounce off this support level or close below and take another leg lower.

 

The next support levels come in at $168 and then $160.

 

The first level of resistance comes in at the top of the gap candle at $187.40.

 

You know what to do.

 

Trade Review

 

I last wrote that Bitcoin (Ticker: BTCUSD) looked ready to rally.

 

Well, that fizzled. 

 

BTCUSD is still holding my upward support level coming in at $29,300 and ProShares Bitcoin (Ticker: BITO) is holding $15.

 

I will not hop into calls in BITO until it closes over $15.75.

 

Thanks for Reading … See You Next Tuesday,

 

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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