so far, AAPL stopped cold and turned down off the aforementioned resistance level. as that additional reaction off that level helps to further validate it, i think a stop somewhat above that orange line would be the most objective stop for anyone in the active AAPL short trade. the day is still young so let’s see if this is just a temporary blip or if AAPL will continue to build additional momentum to the downside on it’s way to T1. 60 minute chart below. note, i still have AAPL in the trade set-up category as well as active trade catetgory since it still offers an objective entry here.
