Apple price fall because of S&P 500 correction to 3900 range.Trade at your own risk.
Apple since 2003 price at USD0.32 has breakout to USD197 at the recent peak. The stock is currently having a correction since S&P 500 is also having a correction from peak 4605 to around 3900 to 3850. 15% correction.
Apple current price USD166.89 will drop to the 4 hours support level at USD161.41. If there is a breakout, then the price will head to USD142.23 at 1 day support level. The price will not drop to USD112.77 the 1-week support level as we are near the November 2023 FOMC Feds meeting. Most likely there will be good news and an emergence of a strong tailwind for the market after the meeting.
Impossible for the share price to drop to USD 24.41 on the 1-month support level.
Recommend a buy at USD142.23 level on technical Analysis perspective.
USD166.89 will be this week or next week bottom price. Might or might not breakout depending on the outcome of the FOMC Feds meeting.