Technical analysis by BullBearInsights about Symbol AAPLX on 1/8/2026

Apple is still respecting a clean descending channel, and price has been making lower highs since the last rejection near the upper trendline. The recent BOS (break of structure) to the downside, followed by a weak bounce, tells me sellers are still in control unless proven otherwise. Right now, price is sitting just above a minor demand pocket around 260–259, which has acted as short-term support. The issue for bulls is that every bounce has been corrective, not impulsive. As long as AAPL stays below 262.5–263, rallies are likely to be sold rather than chased. If this support cracks, the next logical path is a continuation lower toward the 257–255 zone, where buyers previously stepped in. If bulls want any real shift in momentum, they must reclaim 263+ and hold, which would invalidate the channel and open room for a larger mean reversion. GEX / Options Context From a GEX perspective, positioning still favors PUT dominance, with the largest negative NETGEX clustered near 260. That tells me dealers are still hedged to the downside, and price is more likely to be pulled toward lower strikes rather than pinned higher. On the upside, call resistance builds from 270–272.5, making that zone heavy supply if price attempts a squeeze. Unless we see a sharp volatility expansion with volume, upside moves are likely to stall into those call walls. This combination—bearish structure + negative gamma below—keeps the bias cautious and reactive, not predictive. Trade Scenarios (simple & practical) PUT idea:
If price fails to reclaim 262–263 and shows rejection (weak candles or wicks), continuation PUTs favor a move back toward 259 → 257. Manage risk tightly above reclaimed structure. CALL idea (counter-trend):
Only consider CALLs if AAPL reclaims and holds above 263, with acceptance above that level. In that case, a squeeze toward 267–270 is possible, but this remains lower-probability unless structure flips. ***AAPL is not a chase right now—it’s a reaction trade. Let price prove direction at key levels and let GEX confirm whether the move has fuel. Until structure changes, downside continuation has the cleaner edge. This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and trade responsibly.