$AAPL has been the Mega Cap lagger since December and has pulled back just shy of its 200 Day MA at $217.
I believe a test of this level can happen but think there will be at the very least a relief bounce, either back up to the bottom yellow triangle line at $228 or the Blue Line at $237.
Losing the 200 Day MA will not be a good look but the 0.38 Fib will be the next test at $208 and this is typically where Wave A completes, so again a Wave B bounce would be expected here too.
DC
2025-01-22 17:25:10 +0000 UTCWilly G
2025-01-22 15:59:45 +0000 UTC