Option Investor
Update
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AAPL had a strong day today but as I mentioned earlier it ran up to its 200-dma and stopped (118.50). So the daily chart shows that AAPL could be ready for at least a pullback.

AAPL daily chart:
[Image 1]

I then looked at the 60-min chart and it shows a nice 5-wave move up from Monday, March 30th, and tagged the price projection at 118.12 for equality between the 1st and 5th waves. This also suggests it's ready for at least a pullback.

AAPL 60-min chart:
[Image 2]

I then looked at its 5-min chart and today's rally from this morning's low also looks like a completed 5-wave move (for the completion of the 5th wave on the 60-min chart), although it has a little more upside potential to 119 where the 5th wave would equal the 1st wave. But this also suggests it's ready for at least a pullback. See any common themes here?

AAPL 5-min chart:
[Image 3]

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