AAPL pulled back today without breaking above the +1 level of its uptrending regression channel, as shown on the Daily chart below. It has moved in cycles since its June 2011 low…pulling back on overbought readings of my short-term RSI indicator, and traditional MACD and Stochastics indicators…and after briefly breaking above the +1 channel level.
At the moment, there is a negative divergence on my RSI indicator and on Stochastics…MACD is still rising. Near-term support sits at, first, Monthly VWAP (broken yellow) at 417.63, then Monthly Volume Profile POC (yellow horizontal lines) at 413.86, and then the channel "mean" (broken pink) at 406.83.