apple13yearsupportlinetestjuly9CLICK ON CHART TO ENLARGE

With Apple being the largest company in the world, what Apple does has ripple effects that are beyond measure.

First off, Apple remains inside of a 35-year rising channel. Of late it was within 15% of hitting the top of its channel. No doubt the trend is up.

At this time Apple is testing a support line that could have ties back to its 2002 lows.

It’s early in the month. What Apple does with this support line test could have a large impact on key stock indices going forward.

If Apple is to bounce, it could happen off this key support line.




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