I pulled some of that Fibonacci voodoo that we do on Apple and if the uptrend support does break around $96, Apple is headed into the lower 80's.
I did a video for CNBC.com and they tore me to shreds in the comments section. The last time I got this kind of reaction was when I said oil is headed towards $26.00 while trading $41 at the time.
From there we take a look at our options positions in the S&P and AMZN.
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Todd Gordon
The link is: http://www.cnbc.com/2016/01/08/apple-is-in-a-disastrous-situation-trader.html
You have to click on the Comments part to expand it and see the "discussion".
Don't worry about it, CNBC followers are perma bulls who
do not want to hear the truth. You are bursting their
fantasy bubble...it's laughable
Thanks INO!