Last time we looked at Apple (AAPL) was 1 month ago (March 03, see chart below), giving a very timely Sell Signal following the 1D MA50/100 Bearish Cross:
The price responded instantly with a drop but over the past week or so we are seeing a short-term rebound. This rebound took place just above the 1W MA50 (blue trend-line) and is testing now the 1D MA50 (red trend-line).
As we can see in the past 4 years and the two major corrections of the long-term Channel Up, the market made the first Lower High of the correction around March (2025 and 2022), before getting rejected and starting an aggressive Bearish Leg below the 1W MA50.
Both of those patterns bottomed after breaking below the Channel’s 0.786 Fibonacci retracement level. On top of that, a 1W MACD Bullish Cross below the 0.0 level, has been the most effective Buy Signal within this 4-year time-frame.
Additionally, since the 2025 correction bottomed after it broke below the 1W MA200 (orange trend-line), we expect it to happen once more. Our long-term Target remains $205.00, unless the 1W MACD makes a Bullish Cross below 0.0 earlier.
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