AAPL has recently broken below its 1 year upward signaling more selling to come. This pivotal event comes at a time when
- Overall market sentiment is showing extreme greed (selling soon follows this level)
- Recent rally have been prompted by one stocks excellent earnings (NVDA alone cant hold up the economy)
- AAPL has been trend down rather steadily for a month
- The long term support being broken indicates more selling likely to come.