Apple Inc
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AAPL : think we start to see Wave (C) up

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Earlier thought about taking a call credit spread but price never gave me a convincing entry for a day trade. Obviously it would have worked out today but it isn’t about that. Don’t trade just to trade; some of the best trades are no trades! Who knows, I could have done that trade today and the market decides to have a complete opposite event of today, where I would have taken a loss!

I think we start to see wave (C) up here. We easily can fluctuate from here down to 238 area but I am leaning towards to start up.

Started small long today. Will either 1) look to build long on an established 1-2 wave; or 2) watch this demand zone, breaking down and out of this zone will signal a stop loss for me. But again, I think we can see some upward movement.

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