AAPL will generate an Intermediate Term Sell Signal on a close today below $121. Initial target is $113.80, followed by $98.92. The market continues to look weak and at the beginning of something larger on the downside than most are expecting. $1,400 only can so so far, (unless it is turned into Bitcoin). Intermediate Term Sell - Pending: AAPL on a close below $121 Option: May $120P ------------------------------------------------------ IWM puts are outperforming QQQ puts as the market weakens. Those are some healthy returns for one day's trading and likely a preview of what's coming for the Q's in the days ahead.
