AAPL is in sync with S&P500 possible moves! Earnings 2 Nov!

price action
- AAPL has based well near term 28 Sept
- MA5 is now crossed above MA20 and with upper bollinger band ticking upwards, it bodes well
- Tuesday 10 Oct action had tested MA50 blue and upper bollinger band and got rejected for now to stay below key level of 178
- AAPL needs to get above 178 and go on a MA5 / BB close move upwards
- Any rejection will mean staying below 178 and go back down to possible 165 previous target
- It moves in tandem with SPY now with SPY trying to work through a gap and then possibly squeezing the red candle if it can get to 440/441
- It all does point to some form of strong resistance coming up but for now, has room to run still

My Plan
- Will sell puts if it can stay above 178 in the recent run (strike 165 and below)
- Will trim positions if it remains below 178

Once again, MA5 and MA20 technique is confirming its validity. It is indeed a pretty good technique to use to plot the path of market up or down, often against what we read or what we think we know.