I have a chart that graphs potential volatility in indices to the height of vix. Vix around 14 implies week could have 2% downward volatility. Did a pitchfan with that target and time frame in mind.
Apple credit card to the moon.
guessing that if the top of this range is rejected then will breakout and test bottom of next range. around 5:1 risk reward.
Currently trading between 200dma on the upside and 50dma on the downside. Probably going to wait until RSI hits overbought on the daily then wait to re-enter around 50dma. Still a few months until summer seasonality really kicks in. Currently 58/70 so thinking 58.30 could trigger upper bounds there. Makes sense that 57.50 is a hard resistance midway through...