Winer - guest (CNBC)
There is an awful lot of chatter about the tech behemoth that is AAPL. From the issue that the product cycle for the iPhone7 is likely to span 3 years - rather than two, to very spurious comments from TSLA CEO Musk, about a possible iCar by 2020.
AAPL will certainly remain a key tech player for the long term, but market sentiment has become quite sour since the April high of $131.29.
During the lunch time show on CNBC, one guest/analyst - Winer, was one of the few who are seeking renewed downside. Ironically though, his $85 target is a mere $4 below the recent May 12'th low of $89.47.
The bigger monthly view...
The 10MA ($103s) is currently one particularly important aspect of upside resistance, and unless AAPL can settle June >$105, broader price action is still leaning bearish.
Having recently seen the $89s, if the main market implodes to the sp'1600s, the next natural fibonacci target would be around $70.