AAPL - daily gains, but price structure ain't great

With the broader market closing significantly higher, Apple (AAPL) was similarly on the rise, settling +1.8% @ $108.71. However, AAPL is set for the fifth monthly close below the 10MA ($118s). Until AAPL is trading back above the 200dma ($119s).. equity bulls should be at least somewhat cautious.


AAPL, daily

AAPL, monthly

Summary

*price structure on the smaller daily chart is a very valid bear flag. However, I don't expect it to play out, as the broader market looks set for upside - at least for the first half of January.
--

Seen on the bigger monthly chart, AAPL sure doesn't look great at all, Despite today's net gains, AAPL is still net lower for December, by a very significant -8%.

If AAPL is a guide to the broader market, then there is a real serious problem ahead.

Equity bulls MUST see AAPL re-take the 200dma.. with a January close >$120.