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Apple continues to push lower as expected and should continue lower towards the 38.2% corrective target at 113.08. As we saw it with Target (see our article just before) there is a clear risk, that the Market will be griped by fear and sell-off Apple in a major way.
Yes it's nice to have the newest iPhone, but is it a necessity? No it's not. If the Market starts to think in those terms, then the risk of a major sell-off is increased big time.
No matter, if the Market pushes Apple down in a major sell-off or in a more controlled way, the end result will be the same, a decline towards the 113.08 target and possible even closer to the 50% corrective target at 91.50.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
