Apple Tops $1 Trillion Valuation with New Price High — What’s Next?

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Apple (AAPL) has kissed a new all-time high above 207, where the company is valued at $1 trillion. So far, the high, as seen on the chart linked to below, represents about a 1.9% overshoot of the upper channel boundary line of the February- August bullish price channel.
Apart from the excitement and magnetism of the trillion dollar achievement, my channel boundary line analysis is necessary to overlay on the near-term fate of AAPL. In that the upper channel boundary has contained all the prior rally peaks for the past six months, the upside penetration of that barrier should be significant EITHER because it will put a lid on additional sustained strength, OR because AAPL is so powerful that the upper boundary is no longer viable, and, instead, is triggering a new, more bullish trajectory going forward.

If the Feb-Aug channel remains viable, then AAPL should fail to climb and sustain more than 2% above the upper channel boundary line, which places the “line in the sand” at 207.35, from where AAPL should stall, churn, and then reverse under the upper boundary line at 203.25 to begin a rest-correction period.

Alternatively, if AAPL sustains and closes above 207.35, the likelihood of upside continuation to my next optimal upside target zone of 212.00-216.00 increases significantly, and argues that AAPL is in the grasp of a new upleg that points ultimately to 240-250.
In either case, the outcome should be fascinating.