well, not really much of an update from the last 60 min chart posted friday. just waiting for AAPL to breakdown from this 60 min channel to officially kick-off the long awaited correction. stay tuned…shouldn’t be much longer. btw, this is posted under market analysis because a sell-off in AAPL will most likely pull the entire market down with it but it is also a trade idea should one decide to short AAPL. one could also short the QQQ or one of it’s many derivatives (QID, QLD, TQQQ, QQQ puts, NQ e-mini futures, etc…) as they have a very large exposure to AAPL but you get the added benefit of diversification. i also believe that when the correction does come, a QQQ short will most likely outperform an AAPL short.
