Time for AAPL to Take a Well-Deserved Technical Breather?

AAPL-- My nearer term pattern and momentum work continue to look for a peak, rollover, and correction from in and around the 218-224 target zone, which if reasonably accurate, means that AAPL has limited upside from current levels versus 6% to 8% downside.

This AM's pre-open, new all-time high at 219.40 hit my target zone, from where AAPL has pulled back into the 215-216 area so far. A break below 212.75 will breach the nearest term up trendline from the 7/30 low, and should trigger bout of long liquidation that presses AAPL towards a challenge of its sharply rising 20 DMA, now at 204.25... Last is 215.66/67

8 20 18 AAPL 1130 GIF
8 20 18 AAPL 1130 GIF

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