AaplApple Inc.BATS:AAPLContraryTraderPennant here .. im leaning towards it being bearish... But I think in the immediate next 2 sessions we could have a push back up 275-277 before headed lower. Zoomed out weekly chart (Logarithmic) Near top of trend which is why I'm calling BS on this pennant being bullish Weekly candles Red arrow highlights the weekly reversal candle, green circle highlights weekly tweezer tops. You add both of those together and you REALLY STRONG RESISTANCE NEAR 280. I don't think this gets over 277-280. Long over 267.00 Stop loss below 265.00 Target 275 Really strong resistance 265-266 (20/50ema) + price action So the best play is to wait for the event Wed and if they give you 277 Start scaling in puts and add up into 280 if necessary. Stop loss over 282.00 over 282 we could melt back up to 288 -292. If you use Jan 20 low and ATH for levels you get .236 fib or 277 resistance; this is why I emphasize a 277 entry for a short . My immediate target after shorting at 277-280 is 242, and below 242 , 225 lastly