Short

APPLE: Massively overbought 1W RSI calls for $270 at least.

Apple is massively overbought not just on 1D (RSI = 78.279) but more importantly on its 1W technical outlook (RSI = 72.471, MACD = 13.680, ADX = 46.069), coming off a massive 2 month rally on top of its 1W MA50. The price is approaching the top of the 4 year Channel Up, in fact it's the closest to its top since December 23rd 2024. Every time the 1W RSI turned overbought, the index corrected to its 1W MA50 at least. This is why we have TP1 = 270. A break under it, can accelerate selling is a similar manner as the 2022 and 2025 corrections of -32% at least. In that case, expect a bottom closer to the 1W MA200 (TP2 = 220).

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