Where does apple go from here, is it up, down, or side ways? That Depends on a couple things, like how big is the rotation going to be out of tech, and are interests rates going higher.
The rotation out of tech I have no idea how big that might be, if big at all. But the interest rates on the treasure look like they are headed higher for sure. But People will keep buying too, and no mater what people say, inflation is here.
So I am thinking apple will break down to 100 area in the next few months, as we will get a bounce, but they just decreased their Iphone production, which I don't see how that is a good thing for them. Unless they are going to increase the price of the phone to offset sales lost, profit could be down.
Here is a chart, as you can see the next major support, if we break the 200 moving average is the 100 dollar area.