Key Levels for Apple (AAPL)

Although the enclosed point-and-figure (PF) chart on Apple (AAPL) does not show the pre-market action (I have input Monday morning's pre-open all-time high at 608.37 just as a reference point), what really matters from a PF perspective is where AAPL weakness will inflict meaningful damage to the chart structure.

Let's notice that 590-585 represents extremely important near-term PF support, which if violated should trigger downside continuation towards a test of critical near-term support at 578-576. A violation of that level would confirm that AAPL has put in a major PF top.

That said, as long as AAPL remains perched above 590, the bulls will remain very much in directional control.


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