Apple gaped down on Feb 17th after breaking long-term uptrend. I think Apple will bounce up and fill this gap around 132.50. Gaps fill 80% of the time. I think it will then hit resistance. Too many factors are bearish for Apple. Rising Yield Curve resulting in lower multiples. Rotation out of Mega Cap Tech and into Cyclicals. The reopen of the economy and consumer dollars moving to other sectors.
The future is uncertain for Apple at the moment. We may be months away from a new attempt at another ATH.
The future is uncertain for Apple at the moment. We may be months away from a new attempt at another ATH.