BY LICIA LESLIE
May 15, 2024
Hi Shoppers,
Apple (Ticker: AAPL) has cleared the consolidation since its gap higher:
Yesterday it closed over the old resistance, now new support at $186.60 and is clear to trade $200.
I would like to give this time, so I am shopping for calls in the Jun21 expiration cycle:
I like the 190/200 call vertical.
Use a close below $186.60 as your stop loss.
Trade Review
Instead of rolling over, the S&P 500 Emini Futures (Ticker: ES1!) have been consolidating but still haven’t been able to break through the pitchfork resistance which today comes in at $5276.25:
Alcoa Aluminum (Ticker: AA) still looking good.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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