Apple sits at the 2003 uptrend formerly-support-now-resistance line and is testing the AAPL/SPY ratio top. The company is still in a long-term uptrend versus QQQ. Break this one and the whole market is in trouble given Apple’s weight in the indexes and funds.
![](https://slopeofhope.com/wp-content/uploads/2024/05/slopechart_AAPL_SPY-43-640x347.jpg)
![](https://slopeofhope.com/wp-content/uploads/2024/05/slopechart_AAPL-2024-05-17T132607.156-640x373.jpg)
![](https://slopeofhope.com/wp-content/uploads/2024/05/slopechart_AAPL_QQQ-5-640x347.jpg)
![](https://slopeofhope.com/wp-content/uploads/2024/05/slopechart_AAPL-2024-05-17T132613.892-640x373.jpg)