Update: AAPL Forecast and Market Pressure A Likely Scenario
The chart included here is of Apple Inc. (Ticker: AAPL). Click chart to expand and examine more closely.
This chart is being used to illustrate a high probability scenario for the general marketplace into early October.
Historically, Apple comes under pressure between August 27th and October 10th each year which can weigh on the indexes, especially the Nasdaq.
Active traders may want to let this cycle forecast play out between now and October 10th before taking on any new positions.
On the brighter side, Apple often rises after November 1st each year. For the past 12 years, from November 4th to November 25th, Apple has risen in value over 83% of the time.