APPLE Coold Soon Break Important Support

A break below the 02/02/24 bottom at 179.23 could open the door for a move back down to the 10/26/23 bottom at 165.67. There’s no chart support below 179.23. CCI is now below its 02/02/24 reading and RSI is at it’s 02/02/24 reading.

The momentum indicators and air below 179.23 implies a drop could be rapid.

AAPL was a major leader in the post October 2023 rally. If it has a sharp drop, it’s likely to have a bearish effect on the broader U.S. stock market.