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Citigroup Puts the Kabash on AAPL... What Now?


Let’s notice that Apple Inc. (AAPL) is making a B-line for a test of its Sept-Dec support line, now in the vicinity of 539-538, which is the next technically optimal-price zone for buying to re-emerge.

That said, anything can and probably will happen on Fed-Day, which means we have to be prepared for a knee-jerk breach of the support line, and downside spillover possibly into the 524-518 area prior to my expectation of price stabilization and upside reversal in AAPL.

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