Loading ...AAPL- Don’t Be Surprised
Apple has it’s iphone 15 launch scheduled for next Tuesday, Sept. 12th. I wouldn’t be surprised, if in the next 48 hours, they announce a postponment to a future date. If the stock market decline continues, and accelerates like I expect, it would be foolish to roll out the only positive in their short term arsenal the day after a possible stock market crash. I wouldn’t expect the new phone to stem the decline in AAPL stock for more than a bounce anyway, but why waste it if the market is under intense pressure? 
Another possibility is they have the date set perfectly. If there is a real crash on Monday the 11th, as I have called for, then it would take a bounce in AAPL sometime the following day to at least temporarily stem the tide. Since my target for AAPL on this leg down is around 165 that would be the likely tell. If it gets close by Monday’s close or early Tues. a bounce in it and the market should take place on Tues. If it is still above 165 a bounce should lead to more selling at least until that area is reached. If the stock blows right through 165 and keeps going lower, we have much bigger problems on our hands.