AAPL, daily
Summary
First target is a break of the bear flag, arguably anything under $530 confirms it - that is however a pretty significant $52 below the current price! So, first step is a near 10% loss!
Secondary target is the recent low of $522..and that should open up a quick move to the big $500.
If the main equity market outlook is correct - with SP'1150/00, AAPL will find it very hard to hold over $500, and then the only issue is whether it floors around the 200day MA of 481..or the next key/gap support of 440/430.
So..we are probably looking at a 15/20%, perhaps even 25/30% downside case within the next few months.
