Investors often refer to “the canary in the coal mine.” As the world’s largest company, I would say that Apple is a very important canary which is worth watching closely. Take note of two things about recent activity: (1) its bullish breakout has completely flopped (2) it is even breaking below its supporting trendline of the right triangle pattern.
![AAAAAPL](https://slopeofhope.com/wp-content/uploads/2021/02/AAAAAPL-640x307.png)
Looking at this diminishment, coupled with key indicators, a picture begins to emerge that maybe the giddy days of daily lifetime highs are going to be a thing of the past.
![](https://slopeofhope.com/wp-content/uploads/2021/02/slopechart_AAPL-1-640x344.jpg)
![](https://slopeofhope.com/wp-content/uploads/2021/02/slopechart_AAPL-2-640x329.jpg)
If Apple genuinely starts to fall, may I suggest the heft of the canary is going to be along these lines:
![](https://cdn.britannica.com/33/172433-050-DF812575/Michelle-Obama-Big-Bird-White-House-kitchen-2013.jpg)