Apple Near Gap-Fill, Charges Higher Within This Trend: A Technical Analysis And Option To Play Retracements
Portfolio Pulse from Melanie Schaffer
Apple Inc. (AAPL) is trading slightly higher, leading the S&P 500 north after data showed the economy is softening, which may lead the Federal Reserve to hold interest rates steady. The stock is in a strong uptrend, making a series of higher highs and higher lows. However, it may find resistance at the top of the upper gap, which could lead to a retracement and increased market volatility. Traders can use MIAX’s SPIKES Volatility products (SPIKE) to play the potential volatility.
August 31, 2023 | 5:50 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Apple's stock is in a strong uptrend but may face resistance at the top of the upper gap, which could lead to a retracement and increased market volatility.
The stock is in a strong uptrend, making a series of higher highs and higher lows. However, it may find resistance at the top of the upper gap, which could lead to a retracement and increased market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Traders can use MIAX’s SPIKES Volatility products to play the potential volatility in the stock market.
The SPIKES Volatility products track expected volatility in the SPY over the next 30 days, which can be useful for traders in times of increased market volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50