AAPL rally depends on AI announcement at today's event; lack thereof leads to selling.

Uh, next up, we've got Apple. Now, forgive me. I've already got my fib tools on here illustrating these pivot lows and highs in which we're going to illustrate where price can eventually go, a price level that I will be interested in buying. So, let's get back to the weekly time frame so I can really show you what's going on on this chart. You can see here we've did breach the top range of this parallel channel and we'll go back and show you where that began back in January of 2023. And in doing so, after breaking above, look at this nasty weekly red candle and the price action that's followed since. This has all been bearish consolidation right on top of this parallel channel. Now, let's flip back on these fib retracement tools and you can see what I'm seeing here on Apple. We've got a very nice potential setup right here under $300, the 618 back to the strongest fib retracement levels. Why do I pick this level? Because look back here in December 1st of 2025, a previous pivot high that occurred at $28,8862. This fib retracement level is about $5 away from that level. Both of those combined tell me if we see more further selling pressure, we're likely coming down to this level and could have a decent bounce. The third uh piece of information that tells me that we could come down to this level, well, bare flags produced measured moves, folks. And what do measured moves give us? They give us a target of where price could go. And you can see what I've just drawn here. That measured move can take price down to 286. Now, I've got three things on this chart telling me price can go down here into this pocket. If price plunges down into here, that would be even better as we usually see the biggest bounces occur from the sharpest moves to the downside. So, be mindful. Be watching price action under $300 on Apple. If we do eventually break back within this parallel channel, that value is at 309 and55. Key measured move target down here at 2.8650.

Apple Apple has the big unveiling today. So this afternoon, we're going to hear about new products from Apple. Supposedly, they have some sort of foldable phone that they're going to be debuting. That's already in the stock price. That's not If they debut it, that's going to be of no interest to where the stock goes. It's already again been talked about. Everyone's assuming it's going to happen. If it doesn't happen, that would be the bigger shock.