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.
Assuming a top is soon made in U.S. stocks there's a good chance for a 9 to 12 month bear market. If this occurs there could be a muti-year bull market.
buzz339
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You have been bearish this market the whole way up. Why? In 2019 Stocks and Commodities V.37:13 (20-24, 31) you had an article describing US long wave grand super cycle, and in the last figure (6) it shows what you considered to be the most likely scenario. Although it does show some weakness to 2024, the overall cycle is up through 2040. Are you longer term bearish or bullish now?