Has AAPL Put in A Significant High?

AAPL-- has violated important micro support at 160-159 one day after it hit a new all-time high at 162.51-- amid glaring nearer term momentum non-confirmations (MACD, RSI) that suggest it has reached near term upside exhaustion that the most immediate upleg off of the 8/11 low at 154.06 is complete.

The real question however, is whether or not the larger major upleg from 141.70 (to 162.51) also is complete? A decline that breaks and sustains beneath 157.30 is needed to trigger additional damage that confirms the larger upleg also is complete...

8 17 17 AAPL 4 hr 1215P GIF
8 17 17 AAPL 4 hr 1215P GIF

  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!