Is AAPL ready to join its FAANG-MT companions in the great fall? Not going to be fun for the world economy, but this sure looks like the way things are headed. All of the tech leaders at at critical decadian support, or close to those levels. Drew an extremely prolonged downward trendline, uncharacteristic of most bear markets, but seems to be the way this one is moving, slow and torturous to all except cash holders. Strong technical support around 100-110, but fundamentally all stocks have been on a delusional rise since year 2014 so anything can happen on the downside.
Comment:
Looks to me like the Great Fall is starting. Anything can happen now. High risk bears should begin shorting the hell out of this market. Conservative investors should hold cash and wait through recession and/or until central banks pivot, then slowly, ever so slowly begin buying up value again. May we be at the dawn of the new age of "honest" investing! GL!