Apple based on current 119D movement. I still believe Apple is heading below $100 this year. It took a tad longer to see a drop because of corporate buybacks but that wont change the overall outlook for Apple.
Apple's price move from 2018 downward coincides with the Feds tapering. The August 2019 rally also coincides directly with the Fed increasing QE in August 2019. You can see somewhat normal movement until the price breaks out of the channel, although QE was introduced in 2008.
No QE = no more rallying. More QE = hyperinflation. Simple as that. I think the Fed will let equities take a bath to save the dollar... but than again, who knows?
Data Points:
MACD Crossed
RSI has room to come down
Q1 Guidance was grim
注释
Data Release (Bearish)
- Retail fell far below expectations. - Credit card usage at records. - Consumer Sentiment at a 2 year low.