Watching the trendline support for a break and a quick push to the downside. The chart is only an hourly so not looking for a big swing move lower if it breaks.
As always, keep your risk tight and stay protected if it doesn't work out.
Drill down to a lower timeframe pre market and have a look at AAPL. Earnings report has brought some nice volume/volatility into it.
Watch for a breakout of the trendline but I'd rather wait until the open for confirmation.
Stop at low to stay safe and keep risk at a minimum.
A nice pop back to resistance for a short with a stop just above would be nice.
If it just hovers and consolidates near the trendline, rather than reject it quickly, i'd be out of the trade.
See previous resistance levels, (highlighted area).
Price rejected the resistance trendline yesterday (04/28) Short any pops back to resistance with a stop near highs.
If it gaps down big, be aware of SSR which makes the short way less favorable.
