Markets – Macro – Technicals

AAPL

This page tracks AAPL (Apple) over time and different time frames. Updates, including different time frames and additional technical subsets will be notified via Twitter and Facebook.

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August 20, 2017

All highs on $AAPL are coming on negative divergences. As with $FB a break below the weekly 5 EMA risks a corrective move toward the weekly 50MA. Nee 2015 highs reside nearby there as well:

August 9, 2017

New highs came on a larger negative divergence similar to previous events that resulted in larger corrective activity:

July 15, 2017

Markets reached new highs on the heels of Janet Yellen’s testimony (see also July 14 $SPX).

$AAPL joined the rally but stopped at its 50MA coinciding with recent highs in form of a potential bear flag and the upper daily Bollinger band. This is now a critical zone for both $AAPL and the market. A break above could help propel markets higher, failure to break above keeps the topping pattern alive. the lower gap and .618 fib remain a viable technical target on a break of recent lows.

July 5, 2017

On the weekly chart price remains below the weekly 5EMA for now. The larger pattern could be a heads and shoulders pattern and the price target (upon confirmed break of the neckline) is consistent with the daily chart from July 3. Note strong confluence with the weekly 50MA and summer 2015 highs as support presenting a potential long buy zone between $122-$127 should price lower. Upon closes above the weekly 5 EMA & the daily 50MA this H&S pattern would likely invalidate itself.

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