AAPL Weekly Outlook (Oct 28–31)

AAPL Weekly Outlook (Oct 28–31): “Apple’s Momentum Reboot — Eyes on $275 Breakout Zone!” 📱

1. Weekly (1W) Structure – Macro Breakout Confirmation
Apple has officially shifted from recovery to expansion phase. The weekly chart shows a confirmed Change of Character (CHoCH) into Break of Structure (BOS) above $260, reclaiming a bullish trajectory. Price is pushing toward the upper channel trendline near $275–$280, showing clean continuation momentum with no immediate resistance until that level.
* Bias: Bullish continuation
* Support: $224 → $260
* Resistance: $275 → $280
* MACD: Strong bullish expansion; histogram widening upward.
* Stochastic RSI: Overbought but still trending — strength, not exhaustion yet.
💡 Weekly Thought:
Momentum is accelerating across the board, confirming institutional participation. Unless $260 breaks down, Apple remains a buy-on-dip candidate heading into November earnings.

2. Daily (1D) – Trend Acceleration

Daily structure is showing clean BOS sequences along an ascending parallel channel. After retesting the midline near $244–$250, Apple bounced strongly and reclaimed the $260 handle. This confirms buyers defending the demand base, now pushing price to challenge $268–$270 short-term resistance.
* Bias: Bullish continuation
* Support: $244 → $259
* Resistance: $270 → $275
* Indicators:
* MACD turning positive again after pullback reset.
* Stochastic RSI curled upward from midzone — signals renewed strength.
💭 Daily Suggestion:
Look for intraday retests around $262–$264 as a potential long entry. A clean daily close above $270 opens path to $275 and eventually $280 if macro remains supportive.

3. 1-Hour (1H) – Intraday Playbook

Intraday structure aligns perfectly with higher timeframes — multiple BOS and short consolidation ranges above $260 confirm sustained bullish control. Momentum is strong, but short-term traders should be cautious of profit-taking near $270–$272 zone before the next leg higher.
* Scalp Bias: Bullish above $262
* Support: $260 → $255
* Resistance: $270 → $275
* Setup Idea:
* Call scalp: Above $266 with target $272–$275.
* Put scalp: Only below $260 breakdown, targeting $255.
📈 1H Thought:
If AAPL consolidates tightly between $266–$269 early in the week, it may coil for a breakout toward $275 later this week.

4. GEX & Options Sentiment – Institutional Positioning

Gamma Exposure (GEX) data shows heavy call concentration aligning perfectly with price structure, reinforcing bullish continuation bias.
* Highest positive GEX / resistance: $269 → $275 → $280
* Support (put-dominated zones): $257 → $252
* Call ratio: 9.1% (moderate bullish exposure)
* IVR: 19.9 (low IV environment)
* IVx avg: 32.6 (slightly cooling)
Institutions are pinning price near $265–$270 with positive gamma bias. The $275–$280 zone acts as the next magnet if upward momentum persists.

5. Suggested Option Plays
* Bullish Setup (Preferred):
* Buy-to-open 270C–275C (1DTE/2DTE) if price reclaims $268 with strength.
* Target: $275–$280
* Stop: Below $260
* Reason: Gamma buildup supports continuation, clean technical breakout setup.
* Bearish Hedge (Cautious):
* Buy 255P (1DTE/2DTE) only if price breaks $260 with confirmed volume.
* Target: $252
* Stop: Above $266

Apple’s structure is aligned bullishly across all timeframes — a clear continuation from the mid-October breakout with strong call-side gamma buildup. The next move hinges on whether $270 flips to support; if so, the stock is primed for a potential $275–$280 test.
🎯 Primary Bias: Bullish toward $275–$280
⚠️ Watch For: Breakdown under $260 = short-term exhaustion signal.

This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.