Apple Inc

$AAPL Bearish FOMC Setup

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AAPL follows SPY almost to a tee with wicks and candles. The orange line is SPY overlayed on top of the AAPL chart. AAPL is in a descending channel and a break under the 174.43 level with a SPY confirmation has a level from 174.43 to 172.31. Puts under this level have potential to fall all the way to the 170.34 level.

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