Thursday, 17 September 2015

AAPL - struggling relative to the broader market

Relative to the broader market, Apple (AAPL) continues to struggle, settling -2.1% @ $114.00 (intra low 113.72). Near term outlook is for AAPL to remain stuck under the old broken support level of 120/119. Renewed downside to the low 90s looks due in Oct/early Nov.

AAPL, daily

AAPL, 60min


Little to add.

As was the case in late July/early August, AAPL is again arguably a pre-cursor warning about the broader market.

*I will consider an AAPL-short in the coming 3-7 trading days.