AAPL - back under the big $100 threshold

Whilst the main market saw minor weak chop, there was more significant weakness in the tech sector. Apple (AAPL) saw a sharp sell down on major volume, settling -4.2% @ $98.94. Near term outlook is... borderline.


AAPL, daily

Summary

First...my broader market targets remain unchanged, with sp'2030/50 zone by opex week.

AAPL is of course a major component of the market, and today's drop was the largest since late January.

In terms of price, we have a clear daily close just above the lower rising channel. Any break to the 97s tomorrow, will open up a test of the 50 day MA in the $95s. A break under $90 looks unlikely this month.

There is the announcement of new products for the Christmas season.. next Tuesday. A super Tuesday for AAPL?

Regardless, AAPL is an interesting and important stock to keep an eye on.
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A glimpse of the new HQ...



Likely to be completed in 2016. 
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