A fall to at least 121.60 early in the new year still looks inevitable. That’s not a Hidden Pivot target, but rather a closely measured approximation of where the trendline will be at the end of this week. We’ll look to bottom-fish using a small-degree reverse pattern (rABC) when the stock gets there. However, given the compelling clarity of the channel lines, if the bounce were to peter out quickly, that would be ominous. Although my long-term forecast sees AAPL eventually falling to $50 or lower, I don’t see this happening any time soon.