AAPL - death cross within days

Apple (AAPL) saw a warning candle yesterday, today's decline of 1.8% @ $575 confirmed yesterdays warning. Even worse for AAPL though, the 50 day MA is due to cross the 200 MA within days, such a 'death cross' will be a major sell signal.


AAPL, daily

Summary

AAPL failed to re-take the 200 day MA, and is now on the slide again.

Special note..

Expect the clown channel finance TV media to pick up on the 'AAPL death cross' later this week.
--

Near term targets ?

First target is the gap level 540/30. IF we see AAPL in the 520s, then the big $500 will be back on the menu.

If $500 fails to hold, then mid 400s would seem very viable, and by such time, the main indexes would probably be in the mid sp'1200s.