Looks to me like a good time to think about either going short on Apple or if using options then selling a short dated Call or buying a Put.
I see 4 reasons on the AAPL chart (see below) that point to a small dip, my guess is a pull back at least to the 50 or 100 SMA or the next lower Fib zone (so somewhere between $123 - $126 region) would be highly likely.
1. Rejection at a Fib Extension level when using the March 2020 low and September 2020 high as the anchor points
2. Last daily candle was very negative engulf of the prior day
3. 50 SMA has moved below the 100 SMA for the 1st time in more than a year
4. Stochastics (short term) has recently thrown out negative divergence
Adding to the AAPL chart evidence there are signs that the DOW is looking a little top heavy as well, the DJ has not been able to break the high from 4 days ago and finished yesterday with a reverse hammer candle (negative), the ATR is at it's lowest level since before the Corona crash last March and the short stochastics are showing strong negative divergence. I can't imagine a big fall but perhaps a small pull back is certainly due!
This is just my own opinion, please do your own research before parting with your cash.
I see 4 reasons on the AAPL chart (see below) that point to a small dip, my guess is a pull back at least to the 50 or 100 SMA or the next lower Fib zone (so somewhere between $123 - $126 region) would be highly likely.
1. Rejection at a Fib Extension level when using the March 2020 low and September 2020 high as the anchor points
2. Last daily candle was very negative engulf of the prior day
3. 50 SMA has moved below the 100 SMA for the 1st time in more than a year
4. Stochastics (short term) has recently thrown out negative divergence
Adding to the AAPL chart evidence there are signs that the DOW is looking a little top heavy as well, the DJ has not been able to break the high from 4 days ago and finished yesterday with a reverse hammer candle (negative), the ATR is at it's lowest level since before the Corona crash last March and the short stochastics are showing strong negative divergence. I can't imagine a big fall but perhaps a small pull back is certainly due!
This is just my own opinion, please do your own research before parting with your cash.