Apple – Critical Update

Apple made a mega move today. If you read my Worst Case Scenario published on June 8, you know exactly what I mean. In that report, I noted that Apple had to hold the $280.90 level, or the mid-term outlook would need to be reconsidered. I probably should not even hint at it — feels jinxed. But emotions aside, the technicals warned. In this Apple technical analysis update, we examine AAPL from multiple angles, including candles, momentum, structure, and key support levels, to assess the damage and potential targets. At this point, it is time to be equipped with knowledge before the market forces the answer. CANDLES I was very moderate in expecting Apple to correct toward the $295–280 range. Today, AAPL landed at $275 and caused structural damage across the 1D, 3D, 5D, 10D, and 15D frames. All in all, a bearish Apple in July, or possibly longer, is…