Apple is trading in what is referred to in Auction Market Analysis as a Balance Area. Basically, it is in a several day consolidation range. It is likely the break of this range will determine not only at least the near term direction of Apple, but also the direction of the Nasdaq 100 (ENQ). The ENQ has been very weak.
Selling in the ENQ, and in the other indices, has been persistently lower but not yet climactic. A further break to the downside by Apple may be the catalyst for a downside climactic event.
On the other hand, if Apple takes out its October 22 high and the Naz confirms by taking out its October 23 high, we would expect immediate acceleration to the upside.