Apple already broke the uptrend from 2003 and it has acted as resistance.
The uptrend from 2008 sits near the 50-month MA. There are many charts in the market with that pairing. It’s my definitive spot to say yes, the prior top was The Big One and this is not a correction.
The AAPL/QQQ ratio is a clean top to my eye, with a little bit to go.
Don’t know where final support will be, but it might be a quick trip down to the $170 area and after that, the downside opens.
A bounce up to at least the $205 area would be great, but if there’s no bounce, a test of April lows could come quick.
