for reference: SHOP (4 years) overlay with AAPL (20 years)

Looking at the correlation between both patterns. SHOP graph spanning 4 years and AAPL overlay spanning 20 years. AAPL is starting to show high weakness near the current top, I would expect SHOP to do the same in the coming months pushing it back down to the 500$ region

評論:

The short is starting to kick. If we continue more downward it will squeeze longs. There are many leveraged positions on the market right now and its exacerbating volatility. It is logical to see at least a 50% correction here which would bring us back to at least 600.

評論:

If we follow more or a less a similar bubble pattern, we can see that within a few weeks it should be able to correct about 20%+ down to the 800$ region. Per estimations a 625$ strike October 16 put is going for max 20$ (18.55) and if it drops to 800 within a few weeks it could be worth upwards of 80$