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Has AAPL Put in a Meaningful Top?


Apple Inc. (AAPL) has smashed below key near-term support at 100.30, and at its Sept 16 prior pivot low at 98.89, which triggered more intense log liquidation that has pressed price right to it June-Sept support line, now at 97.50, and must contain the selling pressure to avert the total dismantling of the post-Sept 3 high-level (bullish) coil pattern.

A close beneath 97.50 will lock-in all of the action between 104.00 and 99.00 as a significant near-term top in AAPL, which among other consequences, will morph mighty AAPL into a “sell strength” rather than “buy weakness” big-cap tech name for weeks to come.

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