At the moment, it looks like this week’s MACD bullish crossover continues to work its magic, as AAPL shows some muscle this morning, powering its way above the 50-day MA.

Of course, the fundamentals that underlie the market today, a stronger-than-expected jobs report, is driving up equities in general. And AAPL is no exception, with the stock hitting $96.60 an hour into the session, a 0.65% gain.

That’s enough to generate a green PayDayCycle bar on the day so far, one that continues a bullish push above its 50-day MA that yesterday’s probe of the moving average began.

With the DOW now sitting above 18,000, beating its pre-Brexit levels, investor confidence has returned, at least for the moment. And AAPL, which has been reasonably correlated to the major indices as of late, could be ready to make a run back up to the top of its 2-month trading range.

That range is defined by support at $89.50 and resistance up at $102. More recent support, at $91.50, will likely serve as the first line of defense to a downside move.

As noted yesterday, should AAPL manage to stay above the 50-day MA, currently at $95.80, it would mark the first time it remained higher than that level in about 10 weeks. That was at $104.35, the top of the gap that preceded the stock’s poor Q-1 earnings smackdown.

To fill that gap, AAPL will have to hit $98.70, and once that occurs, a run to the upper portion of the current range should be close behind. (Note: To see the Q-1 earnings gap in AAPL, switch from PayDayCycle to Candlestick in the inter-active chart.)

Today’s green bar is the second in a row, so it’s now the beginning of a bullish PayDayCycle for AAPL.

PayDayCycles are 4-8 day trends in stocks that help people swing trade. To learn more about PayDayCycles make sure to grab the free Swing Trading Class on the right sidebar.

As mentioned, the MACD crossed to the bulls last Friday a robust signal that has allowed traders to profit when used as an entry point over the last 3 years. Today’s green bar is now the 8th in a row, keeping the bullish trend intact.

With AAPL successful so far in its push past its 50-day MA, combined with the bullish MACD crossover, a trade with an eye towards the upper tranche of the current range may be considered. However, with a skittish Brexit market, combined with key levels of resistance for both the DOW and the S&P 500 being hit, reasonably tight stops, or other sound risk management techniques, seems prudent.