Who likes Apple Crumble....WWDC Event FlopSome Key Areas:
Unified Design: Liquid Glass
- Apple unveiled a new design language called Liquid Glass, inspired by visionOS. This aesthetic introduces rounded, translucent elements across iOS 26, iPadOS 26, macOS 26 ("Tahoe"), watchOS 26, tvOS 26, and visionOS 26, aiming for a cohesive and modern look across all devices
Apple Intelligence & AI Enhancements
- Apple expanded its AI capabilities under the Apple Intelligence umbrella:
On-Device AI Models: Developers can now access Apple's on-device large language models to integrate AI features into their apps, ensuring privacy and efficiency.
- Genmoji: A new feature allowing users to create personalized emojis by merging existing ones.
- ChatGPT Integration: Siri can now delegate complex queries to ChatGPT, powered by GPT-4o, with user consent.
- Live Translation: Real-time translation is now available in Messages, FaceTime, and Phone apps, enhancing multilingual communication.
iOS 26 & iPadOS 26: Enhanced User Experience
- Redesigned Apps: Updated Camera, Safari, and Phone apps featuring the new Liquid Glass design.
iPadOS 26 brings
- Advanced Multitasking: Enhanced window management and a Mac-like Preview app.
macOS 26 ("Tahoe"): Productivity Focus
- Personalized Spotlight: Improved search functionality with AI-driven suggestions.
WatchOS 26 & AirPods Enhancements
- AI-Powered "Workout Buddy": Provides real-time insights and encouragement during fitness activities.
Gaming & Developer Tools
- Apple Gaming Hub: A new app aggregating games and challenges, enhancing the gaming experience across devices.
Apple is at a technical inflection point. It needs to hold the wedge or it runs the risk to going lower to the previous lower boundary range.
Wwdc
QQQ OUTLOOK 06/05 - 06/09QQQ crushed it again last week, testing a breakout above the channel we drew last week. Investors will look at Apple’s press conference at WWDC 2023 (Monday at 1:00PM EST). It’s safe to say that whichever way Apple moves, NASDAQ:QQQ will follow.
Technical Analysis: Although we got 2 candle bodies to close above the bullish channel, we still have yet to have a full candle body with wicks close above the trend line. I do think we will have some sort of consolidation this week.
Bulls will want to see price action continue above last week’s open at 352.71. Last week’s .618 retrace is around 350, so look to see if dips will be bought at fib retraces. To the upside, we can target the gap fill above from 356.78-359.93.
Bears will have control if we cannot hold a consolidation within last week’s price range. If we lose last week’s low of 346.51, another significant golden pocket retrace can be found around the monthly level at 338.19.
Upside Targets: 354.65 → 356.78 → 358.97 → 359.93 → 362.54 Extended: 364.57
Downside Targets: 352.46 → 350.72 → 349.65 → 348.54 → 346.51
If we lose last week’s low:
Extended: 344.57 → 341.31 → 339.60 → 338.19 → 336.67
Apple Could Be Squeezing Toward a RallyApple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally.
The first pattern on today’s chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is overdue for a move.
But which way will it go? MACD just turned positive (the second pattern), which could indicate the move will be higher.
Third, AAPL has held its 200-day simple moving average (SMA). Notice the false breakdown below that line on Thursday, which was followed by something of a kicker candlestick pattern.
Next is the declining trend line starting on May 7. A confirmed move above that line, with the 200-day SMA pushing up from below, may leave the bears with few options and draw buyers from the sidelines.
This price action comes as AAPL unveils new operating systems and privacy features at its developer conference (WWDC). While the announcements don’t seem to have an immediate financial impact, they could be bullish simply because the event has passed. Investors waiting to enter may have less reason to delay, and the longer-term uptrend (albeit slow and painful) can potentially resume.
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Apple WWDC21. Interesting chance for a long position.Apple does an annual conference that always raises the price of their stock.
iOS 15, iPadOS 15, watchOS 8, tvOS 15, macOS 12, and other software updates are expected to be announced.
There are also rumors of a new Mac Pro that could be revealed, as well as new AirPods.