Shares of Apple Inc. (AAPL) jumped higher again today on the back of solid economic news. The whole stock market making a new all-time high, two days after the Federal Reserve again cut interest rates. With markets surging higher and the Fed willing to keep the bubble growing in the stock market, investors are wondering where Apple stocks its surge. Based on a trend line starting at the high pivot in 2012 and connecting to the high pivot in 2018, it is possible Apple Inc. is near its near-term max move level. Based on this trend line, the level is around $257.00 with the stock currently trading around $253.50. If the past is any indicator of pull back size, a 30-40% pullback could happen.
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