AAPL reported strong earnings after hours today and is sitting at 160.40 after hours.
Price will be retesting a strong resistance area ~167-168 after it's double top / head & shoulders breakdown. EMAs are free falling quick around 167-168 area as well providing strong resistance.
As long as price is below 167-168 and rejecting EMAs, AAPL is BEARISH from a daily perspective.
I will be looking to find a short entry intraday tomorrow if AAPL tests the ~167-168 area and the VIX continues to trend.
Bearish daily chart so you could play longer dated expirations as well. Keep an eye on the overall as that will determine if AAPL can hold its earnings gap or not.
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