Keeping the Count with Apple

It is still worth keeping tabs on AAPL, given how heavily it is weighted in the Nasdaq, as well as the stock's remarkable performance of late. 

On the updated 30-minute chart, below, note that price has reached the apex/nadir of the triangle pattern I have highlighted in light blue. With $130.30 lost last week (a key short-term level), $128.30 is the next logical level below. 

But as a day-trade short I am considering AAPL if we see the triangle lost in the next few moments. 

We have seen some whippy action out there today, with crude reversing higher since my last post. So, I am open to anything at this point as far as fresh trades.