AAPL Holding the Line or Ready to Slip? Key Gamma Zones In Play 🧠📉
1. Market Structure (15M SMC Chart)
AAPL recently broke out of a descending wedge structure after forming a BOS (Break of Structure) around $213.50. Two recent CHoCHs suggest an internal shift in momentum, but price failed to reclaim the red breaker block at ~$214.20–$215.40. Sellers stepped in heavily from that supply zone.
* CHoCH ➜ BOS ➜ Lower High = potential bearish continuation
* Price is compressing under the breaker zone with lower highs forming
* Final CHoCH was not sustained above key S/R level ~$214.20
2. GEX & Options Flow (1H GEX Chart)
The Gamma Exposure map shows AAPL in a compression pocket between PUT support and CALL resistance, with volatility brewing.
* 🔒 $212.5: Key PUT support — likely dealer hedging zone
* 🔓 $215.5: Strong CALL resistance & 2nd CALL Wall
* 📉 Below $210 = Gamma Squeeze zone toward $207.5 / $205 (3rd PUT Wall)
* 📈 Above $217 opens room toward $220–$222.5 (GEX8/GEX9) and CALL dominance
IVX is still subdued (31.9) and IVR at 22.1 — suggesting cheap options right before earnings on August 1st, making directional bets appealing.
3. Key Levels to Watch
* Support: $213.00 / $212.50 / $210.60
* Resistance: $214.20 / $215.50 / $217.00
4. Trade Scenarios
📉 Bearish Setup (high probability):
* Entry: $213.80–214.10 rejection zone (breaker retest)
* Stop: Above $215.60
* Target 1: $212.60
* Target 2: $210.60
* Target 3 (if breakdown): $207.50 GEX / HVL
📈 Bullish Reversal Setup (only if breakout confirms):
* Entry: Break and hold above $215.50
* Stop: Below $214.30
* Target 1: $217.00
* Target 2: $220
* Target 3 (squeeze): $222.50 GEX9 zone
5. Thoughts & Recommendation
AAPL is compressing tightly between supply and demand, but the market structure + GEX combo leans bearish bias unless bulls reclaim $215.50. Use that as your decision line.
Intraday traders: watch how price reacts to $214.20–$213.60 zone. Failure to bounce likely leads to PUT wall retest at $212.50 and HVL support below.
Options traders: Consider weekly PUT spreads if price rejects $214.10–$215.50 again. For bulls, only consider long CALL spreads if we get a break and close above $215.60 with volume.
Disclaimer: This analysis is for educational purposes only. Not financial advice. Always manage risk and trade your plan.
1. Market Structure (15M SMC Chart)
AAPL recently broke out of a descending wedge structure after forming a BOS (Break of Structure) around $213.50. Two recent CHoCHs suggest an internal shift in momentum, but price failed to reclaim the red breaker block at ~$214.20–$215.40. Sellers stepped in heavily from that supply zone.
* CHoCH ➜ BOS ➜ Lower High = potential bearish continuation
* Price is compressing under the breaker zone with lower highs forming
* Final CHoCH was not sustained above key S/R level ~$214.20
2. GEX & Options Flow (1H GEX Chart)
The Gamma Exposure map shows AAPL in a compression pocket between PUT support and CALL resistance, with volatility brewing.
* 🔒 $212.5: Key PUT support — likely dealer hedging zone
* 🔓 $215.5: Strong CALL resistance & 2nd CALL Wall
* 📉 Below $210 = Gamma Squeeze zone toward $207.5 / $205 (3rd PUT Wall)
* 📈 Above $217 opens room toward $220–$222.5 (GEX8/GEX9) and CALL dominance
IVX is still subdued (31.9) and IVR at 22.1 — suggesting cheap options right before earnings on August 1st, making directional bets appealing.
3. Key Levels to Watch
* Support: $213.00 / $212.50 / $210.60
* Resistance: $214.20 / $215.50 / $217.00
4. Trade Scenarios
📉 Bearish Setup (high probability):
* Entry: $213.80–214.10 rejection zone (breaker retest)
* Stop: Above $215.60
* Target 1: $212.60
* Target 2: $210.60
* Target 3 (if breakdown): $207.50 GEX / HVL
📈 Bullish Reversal Setup (only if breakout confirms):
* Entry: Break and hold above $215.50
* Stop: Below $214.30
* Target 1: $217.00
* Target 2: $220
* Target 3 (squeeze): $222.50 GEX9 zone
5. Thoughts & Recommendation
AAPL is compressing tightly between supply and demand, but the market structure + GEX combo leans bearish bias unless bulls reclaim $215.50. Use that as your decision line.
Intraday traders: watch how price reacts to $214.20–$213.60 zone. Failure to bounce likely leads to PUT wall retest at $212.50 and HVL support below.
Options traders: Consider weekly PUT spreads if price rejects $214.10–$215.50 again. For bulls, only consider long CALL spreads if we get a break and close above $215.60 with volume.
Disclaimer: This analysis is for educational purposes only. Not financial advice. Always manage risk and trade your plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.