Shares of Apple Inc. $AAPL rebounded in 2019, but did not come up to the 2018 highs around $230. In May, after tagging $215, price has been retreating sharply. AAPL closed last week (5/24) below $180. With price breaking down this key pivot, I think AAPL has at least some more down side to $168-$170. AAPL Daily Chart(click to enlarge)Next Support:- On the daily chart, we can see that under $180, there is a common support around $168-$170. - If the RSI and price develops a bullish divergence while price is around this area, we should anticipate a subsequent bullish attempt.- I wouldn't be surprised if price extends a little lower, to $160 if trade war continues to weigh on overall market risk sentiment.Most Bearish Scenario within the Long-term Bullish Trend:- I think if price falls to $150 and holds, we still have bullish structure. Price would still be above the 200-week SMA.- Pushing even lower, I think the most aggressive bearish outlook for the short to medium-term should be limited to $130-$135 area. - Here, AAPL would be going against a rising trendline. This is a low probability (long-tail) scenario, but if price does come down to $130, it would be nice to have dry powder to pick up some shares. - I will enter at $170 and $150, but won't have enough cash to wait for $130 due to allocation elsewhere. AAPL Weekly Chart(click to enlarge)