AAPL - following the broader market

With the broader market seeing some very serious technical breaks to the downside, Apple (AAPL) was similarly weak, settling -3.8% @ $97.89. Near term outlook offers further weakness, down to $90/88 or so.. where the 200 day MA is fast approaching.


AAPL, daily

Summary

Suffice to say... a break of the 50 day MA, and with the technical breaks in the broader market, AAPL looks set for further downside.

The low $90s now look pretty likely.. with a viable bounce off the 200 dma in early October.

*those seeking an intermediate market top - from sp'2019, would arguably look for AAPL to fall to the giant gap zone.. with a primary downside target of $80/75 before end year.