Apple (AAPL) closed +2.85% @ $456, and is now just a few dollars from challenging declining resistance that has held down AAPL since the peak last September. A fail to put in a few daily closes in the 460s this week would be a major problem, and open up the $300s
AAPL, daily
Summary
It is indeed a very important week for AAPL.
Now, if I am correct about the broader market index cycle - maxing out in the next 2-3 days, then AAPL will not be able to clear and hold above resistance.
Underlying MACD (blue bar histogram) cycle is getting somewhat high, and equity bears should look for it to rollover by Thurs/Friday.
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Lets be clear, AAPL remains a remarkable company, with a huge consumer following, a cash pile big enough to buy almost any company it wants...yet....the primary trend IS still currently down.
One to watch, especially at the time of the FOMC annoucement this Wednesday afternoon.