Tuesday, June 5, 2012

$AAPL chart and setup 5jun

5 jun - aaple been working in a range from 525ish to 580ish last few weeks. a good trigger to use for entry into new credit put spread is a break of the recent highs near 580ish..the 50day is coming down as well so will not be long for it to get within range of an upside break, to much discussion on cnbc.. target any credit put spreads to be at/below the 515/520 fat crayon support level .

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