AAPL Bulls May Regain Momentum – Price Action Suggest a Bounce

🔍 GEX-Based Options Insight:
* GEX Cluster sits heavy at 204–206, marking a Gamma Wall / Resistance Zone.
* Highest NET GEX levels suggest 205–206 is a magnet if price builds strength.
* IVR: 16.2, IVX is low, indicating cheap premium for call buyers.
* Calls: 0.6% bias, showing a neutral-to-light bullish flow.
🟩 GEX Support: 197.5
🟥 PUT Walls: Below 192.5 and 190 (farther from current level)

🧠 Technical View (1H Chart):

* AAPL is pulling back into a demand zone while still respecting the upward channel.
* Just formed a CHoCH, signaling a potential reversal back up.
* Price is sitting on channel support + demand, with a recent BOS confirming bullish structure intact.
* Volume during this pullback is lower than the prior bullish leg—healthy retrace.

🔁 Trading Idea (for calls):
Entry:
🟢 Around 198.5–199 (channel and OB support zone)
Target 1:
📈 201.50 – retest of supply / GEX resistance
Target 2:
📈 204.88–206 – Gamma Wall target
Stop Loss:
🔴 Below 196.50, breaks OB and structure

🎯 Ideal Option Play:
* July 5th or July 12th 202 Calls
* Low IV makes this a decent R/R for directional play
* Momentum confirmation on reclaim of 200.80 gives confidence

💬 If AAPL can defend the current structure and flip 200.80 intraday, we may see a gamma chase back to 204+.

This analysis is for educational purposes only and not financial advice. Always trade with a plan and proper risk management.